{"data":{"id":"us-tx/tex.-finance-code-342.001","jurisdiction":"us-tx","citation":"Tex. Finance Code § 342.001","heading":"DEFINITIONS.","body":"In this chapter:\n(1) \"Irregular transaction\" means a loan:\n(A) that is payable in installments that are not consecutive, monthly, and substantially equal in amount; or\n(B) the first scheduled installment of which is due later than one month and 15 days after the date of the loan.\n(2) \"Regular transaction\" means a loan:\n(A) that is payable in installments that are consecutive, monthly, and substantially equal in amount; and\n(B) the first scheduled installment of which is due within one month and 15 days after the date of the loan.\n(3) \"Regulated loan license\" means a consumer loan license.\n(4) \"Secondary mortgage loan\" means a loan that is:\n(A) secured in whole or in part by an interest, including a lien or security interest, in real property that is:\n(i) improved by a dwelling designed for occupancy by four or fewer families; and\n(ii) subject to one or more liens, security interests, prior mortgages, or deeds of trust; and\n(B) not to be repaid before the 91st day after the date of the loan.\nAmended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 909, Sec. 2.04, eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 342. CONSUMER LOANS","SUBCHAPTER A. GENERAL PROVISIONS; APPLICABILITY OF CHAPTER"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm#342.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"35d82da9a8972405360675a5b43d4d442278abefea1131e071b6aa8a6cbae7c7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-341.610","next":"us-tx/tex.-finance-code-342.002"},"notice":"GroundRules: Original legal text. Not legal advice."}