Tex. Finance Code § 306.102
ASSET-BACKED SECURITIES TRANSACTION
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 306.102, ASSET-BACKED SECURITIES TRANSACTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647139
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Full text
An amount that is paid, passed through, or obligated to be paid or to be passed through in connection with asset-backed securities or that is not paid as a result of a discounted sale price to the holders of asset-backed securities by a pass-through entity is not interest. This section does not affect interest that is agreed on and fixed by the parties to a written contract and paid, charged, or received on the ultimate underlying assets pledged to or held for the benefit of holders of asset-backed securities.