Tex. Finance Code § 306.006
CERTAIN AUTHORIZED CHARGES ON COMMERCIAL LOANS
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 306.006, CERTAIN AUTHORIZED CHARGES ON COMMERCIAL LOANS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647135
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Full text
In addition to the interest authorized by this chapter, the parties to a commercial loan may agree and stipulate for:
(1) a delinquency charge on the amount of any installment or other amount in default for a period of not less than 10 days in an amount not to exceed five percent of the total amount of the installment; and
(2) a returned check fee in an amount that does not exceed the maximum fee authorized in Section 3.506, Business & Commerce Code, on any check, draft, order, or other instrument or form of remittance that is returned unpaid or dishonored for any reason.