Tex. Fin. Code § 306.007 · Subchapter A. GENERAL PROVISIONS
GUARANTY, ASSUMPTION, PAYMENT, OR OTHER AGREEMENT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
With respect to a commercial loan, an obligor may be required to assume, pay, or provide a guaranty of another person's existing or future obligation as a condition of the obligor's own use, forbearance, or detention of money. The amount of the other person's obligation required to be assumed, paid, or guaranteed does not constitute interest with respect to any obligation of the obligor.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.14, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.306.htm
- Text hash
- sha256 103cc3f55cab04020d6deb1817a8d68aa499a2522774f68d9797f0332896ab7b
- 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.