{"data":{"id":"us-tx/tex.-finance-code-306.103","jurisdiction":"us-tx","citation":"Tex. Finance Code § 306.103","heading":"ACCOUNT PURCHASE TRANSACTION.","body":"(a) An amount of a discount in, or charged under, an account purchase transaction is not interest.\n(b) For the purposes of this chapter, the parties' characterization of an account purchase transaction as a purchase is conclusive that the account purchase transaction is not a transaction for the use, forbearance, or detention of money.\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#306.103","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"515b8591344afef1962b348985de500a52b31c518b20df39441ab5093695dd01","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-306.102","next":"us-tx/tex.-finance-code-307.001"},"notice":"GroundRules: Original legal text. Not legal advice."}