Tex. Fin. Code § 124.252 · Subchapter F. ILLEGAL LOANS

ILLEGALITY OF LOAN NOT A BAR TO ENFORCEMENT OR COLLECTION.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

The illegality of a loan does not prevent enforcement of the loan agreement against or collection of the loan from a person who is otherwise liable on the loan, including:

(1) the borrower; or

(2) a guarantor or surety.

Notes and commentary — not statutory text

History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm
Text hash: sha256 090ef1d0dc1010ef7436e747afd75eca5371726ed2bbd437efe2cad745633f70
Composed by: compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.