Tex. Fin. Code § 342.001 · Subchapter A. GENERAL PROVISIONS; APPLICABILITY OF CHAPTER
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter:
(1) "Irregular transaction" means a loan:
(A) that is payable in installments that are not consecutive, monthly, and substantially equal in amount; or
(B) the first scheduled installment of which is due later than one month and 15 days after the date of the loan.
(2) "Regular transaction" means a loan:
(A) that is payable in installments that are consecutive, monthly, and substantially equal in amount; and
(B) the first scheduled installment of which is due within one month and 15 days after the date of the loan.
(3) "Regulated loan license" means a consumer loan license.
(4) "Secondary mortgage loan" means a loan that is:
(A) secured in whole or in part by an interest, including a lien or security interest, in real property that is:
(i) improved by a dwelling designed for occupancy by four or fewer families; and
(ii) subject to one or more liens, security interests, prior mortgages, or deeds of trust; and
(B) not to be repaid before the 91st day after the date of the loan.
Notes and commentary — not statutory text
History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 909, Sec. 2.04, 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.342.htm
- Text hash
- sha256 10d6a16fafb704f74100c39015df7ec42bd572be8187d17b198f94d28e5c92cc
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 342.001. Each shows the citation as that text prints it.
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.