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Tex. Finance Code § 305.007

PENALTIES EXCLUSIVE

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 305.007, PENALTIES EXCLUSIVE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647120
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The penalties provided by this chapter are the only penalties for violation of this subtitle for contracting for, charging, or receiving interest in an amount that produces a rate in excess of the maximum rate allowed by law. Common law penalties do not apply.