{"data":{"id":"us-tx/tex.-finance-code-342.508","jurisdiction":"us-tx","citation":"Tex. Finance Code § 342.508","heading":"MAXIMUM LOAN TERM.","body":"A lender may not enter a loan contract under Section 342.201(a) or Section 342.201(e) under which the borrower agrees to make a scheduled payment of principal more than:\n(1) 37 calendar months after the date on which the contract is made, if the contract is for a cash advance of $1,500 or less;\n(2) 49 calendar months after the date on which the contract is made, if the contract is for a cash advance of more than $1,500 but not more than $3,000; or\n(3) 60 months after the date on which the contract is made, if the contract is for a cash advance of more than $3,000.\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. 6, eff. Sept. 1, 2001.","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#342.508","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"d43c10c357cf8b80c48611a07eb77ebc155597bc775e3c9c040d1b17cec365bc","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-342.507","next":"us-tx/tex.-finance-code-342.551"},"notice":"GroundRules: Original legal text. Not legal advice."}