{"data":{"id":"us-tx/tex.-finance-code-306.007","jurisdiction":"us-tx","citation":"Tex. Finance Code § 306.007","heading":"GUARANTY, ASSUMPTION, PAYMENT, OR OTHER AGREEMENT.","body":"With respect to a commercial loan, an obligor may be required to assume, pay, or provide a guaranty of another person's existing or future obligation as a condition of the obligor's own use, forbearance, or detention of money. The amount of the other person's obligation required to be assumed, paid, or guaranteed does not constitute interest with respect to any obligation of the obligor.\nAdded by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.14, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE A. INTEREST","CHAPTER 306. COMMERCIAL TRANSACTIONS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.306.htm#306.007","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"9c28e80674f5e345f0441e1f40ee49d354136e1f1bf03018b893824eb35aa784","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-306.006","next":"us-tx/tex.-finance-code-306.101"},"notice":"GroundRules: Original legal text. Not legal advice."}