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Tex. Finance Code § 342.503

SECURITY FOR LOAN

Texas · Texas Finance Code · Status: effective

Banking, Finance & Insurance
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Tex. Finance Code § 342.503, SECURITY FOR LOAN, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647299
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(a) A lender may not take as security for a loan made under this chapter an assignment of wages. (b) A lender may not take as security for a loan made under Subchapter E or F a lien on real property other than a lien created by law on the recording of an abstract of judgment. (c) A lender may take as security for a loan made under Subchapter E or F an assignment of: (1) a warrant drawn against a state fund; or (2) a claim against a state fund or a state agency.