{"data":{"id":"us-tx/tex.-finance-code-306.102","jurisdiction":"us-tx","citation":"Tex. Finance Code § 306.102","heading":"ASSET-BACKED SECURITIES TRANSACTION.","body":"An amount that is paid, passed through, or obligated to be paid or to be passed through in connection with asset-backed securities or that is not paid as a result of a discounted sale price to the holders of asset-backed securities by a pass-through entity is not interest. This section does not affect interest that is agreed on and fixed by the parties to a written contract and paid, charged, or received on the ultimate underlying assets pledged to or held for the benefit of holders of asset-backed securities.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE A. INTEREST","CHAPTER 306. COMMERCIAL TRANSACTIONS","SUBCHAPTER B. PROVISIONS RELATING TO SPECIFIC TYPES OF COMMERCIAL LOANS OR TRANSACTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.306.htm#306.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"3f5849c7ce7423067a0613ea6c60c1a50bf08f4946a27cdcdddf674a393cd0eb","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-306.101","next":"us-tx/tex.-finance-code-306.103"},"notice":"GroundRules: Original legal text. Not legal advice."}