{"data":{"id":"us-tx/tex.-finance-code-349.001","jurisdiction":"us-tx","citation":"Tex. Finance Code § 349.001","heading":"LIABILITY FOR CONTRACTING FOR, CHARGING, OR RECEIVING EXCESSIVE AMOUNT.","body":"(a) A person who violates this subtitle by contracting for, charging, or receiving interest or time price differential greater than the amount authorized by this subtitle is liable to the obligor for an amount equal to:\n(1) twice the amount of the interest or time price differential contracted for, charged, or received; and\n(2) reasonable attorney's fees set by the court.\n(b) A person who violates this subtitle by contracting for, charging, or receiving a charge, other than interest or time price differential, greater than the amount authorized by this subtitle is liable to the obligor for an amount equal to:\n(1) the greater of:\n(A) three times the amount computed by subtracting the amount of the charge authorized by this subtitle from the amount of the charge contracted for, charged, or received; or\n(B) $2,000 or 20 percent of the amount of the principal balance, whichever is less; and\n(2) reasonable attorney's fees set by the court.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.24(a), eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 349. PENALTIES AND LIABILITIES","SUBCHAPTER A. CIVIL PENALTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.349.htm#349.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"0ea065801f3d60002357be2d5755186da513d74fa91cc84ad9495220825805bf","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-348.518","next":"us-tx/tex.-finance-code-349.002"},"notice":"GroundRules: Original legal text. Not legal advice."}