{"data":{"id":"us-tx/tex.-finance-code-342.202","jurisdiction":"us-tx","citation":"Tex. Finance Code § 342.202","heading":"MAXIMUM CHARGE FOR LOAN WITH SINGLE REPAYMENT.","body":"A loan contract that exceeds the maximum cash advance under Section 342.251 and that is payable in a single installment may provide for an interest charge on the cash advance that does not exceed a rate or amount that would produce the same effective return, determined as a true daily earnings rate, as allowed under Section 342.201 considering the amount and term of the loan. If a loan under this section is prepaid in full, the lender may earn a minimum interest charge of $25.\nAmended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 909, Sec. 2.09, 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 E. INTEREST CHARGES ON NON-REAL PROPERTY LOANS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm#342.202","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"e64e3783e8be028172c1f6dc87dd0ca2c869b0abbadbd6249037b3888a5c8a2c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-342.201","next":"us-tx/tex.-finance-code-342.203"},"notice":"GroundRules: Original legal text. Not legal advice."}