{"data":{"id":"us-tx/tex.-finance-code-342.005","jurisdiction":"us-tx","citation":"Tex. Finance Code § 342.005","heading":"APPLICABILITY OF CHAPTER.","body":"Except as provided by Sections 302.001(d) and 342.004(c), a loan is subject to this chapter if the loan:\n(1) provides for interest in excess of 10 percent a year;\n(2) is extended primarily for personal, family, or household use to a person who is located in this state at the time the loan is made;\n(3) is made by a person engaged in the business of making, arranging, or negotiating those types of loans; and\n(4) either:\n(A) is not secured by a lien on real property; or\n(B) is described by Section 342.001(4), 342.301, or 342.456 and is predominantly payable in monthly installments.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 916, Sec. 11, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1235, Sec. 12, eff. Sept. 1, 2001.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 14, eff. September 1, 2019.","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#342.005","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"ca2672e46bd0c37eb314d1cf3997101550a5b5af303f4b292ed99813091002b4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-342.004","next":"us-tx/tex.-finance-code-342.006"},"notice":"GroundRules: Original legal text. Not legal advice."}