{"data":{"id":"us-tx/tex.-finance-code-342.503","jurisdiction":"us-tx","citation":"Tex. Finance Code § 342.503","heading":"SECURITY FOR LOAN.","body":"(a) A lender may not take as security for a loan made under this chapter an assignment of wages.\n(b) A lender may not take as security for a loan made under Subchapter E or F a lien on real property other than a lien created by law on the recording of an abstract of judgment.\n(c) A lender may take as security for a loan made under Subchapter E or F an assignment of:\n(1) a warrant drawn against a state fund; or\n(2) a claim against a state fund or a state agency.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), 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 K. LIMITATIONS ON AUTHORIZED LENDER"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm#342.503","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"0527ff30b12c784b0eb6e7a7a0ca22006ced0bb64c8e365f3be6819608ccf875","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-342.502","next":"us-tx/tex.-finance-code-342.504"},"notice":"GroundRules: Original legal text. Not legal advice."}