yourstate.us
Home / Texas / Finance Code
Tex. Finance Code § 306.007

GUARANTY, ASSUMPTION, PAYMENT, OR OTHER AGREEMENT

Texas · Texas Finance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Finance Code § 306.007, GUARANTY, ASSUMPTION, PAYMENT, OR OTHER AGREEMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647136
Permanent ID
ys:prov:647136@1
SHA-256
103cc3f55cab04020d6deb1817a8d68aa499a2522774f68d9797f0332896ab7b

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

With respect to a commercial loan, an obligor may be required to assume, pay, or provide a guaranty of another person's existing or future obligation as a condition of the obligor's own use, forbearance, or detention of money. The amount of the other person's obligation required to be assumed, paid, or guaranteed does not constitute interest with respect to any obligation of the obligor.