Tex. Fin. Code § 302.103 · Subchapter B. OTHER RATES AND PROVISIONS ON LOANS SECURED BY REAL PROPERTY
EFFECT OF FEDERAL PREEMPTION ON LATE CHARGES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
On loans subject to 12 U.S.C. Sections 1735f-7 and 1735f-7a, as amended, any late charges assessed are interest that is included in computing the amount or rate of interest on the loan and, therefore, covered by the federal preemption of state interest rate limitations.
Notes and commentary — not statutory text
History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.302.htm
- Text hash
- sha256 c8f8660d0f982a0c2042a57ff7e8f115cd9a1ee0db4da33d877405306f21a0e9
- 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.