Tex. Finance Code § 342.005
APPLICABILITY OF CHAPTER
Texas · Texas Finance Code · Status: effective
Cite this
- Citation
- Tex. Finance Code § 342.005, APPLICABILITY OF CHAPTER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647207
- Permanent ID
ys:prov:647207@1- SHA-256
ce40c55609ac7f3047bfec9f96f898b72d245402ce825896c9c12e73a8a1f4c8
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
Except as provided by Sections 302.001(d) and 342.004(c), a loan is subject to this chapter if the loan:
(1) provides for interest in excess of 10 percent a year;
(2) is extended primarily for personal, family, or household use to a person who is located in this state at the time the loan is made;
(3) is made by a person engaged in the business of making, arranging, or negotiating those types of loans; and
(4) either:
(A) is not secured by a lien on real property; or
(B) is described by Section 342.001(4), 342.301, or 342.456 and is predominantly payable in monthly installments.