Tex. Fin. Code § 342.252 · Subchapter F. ALTERNATE CHARGES FOR CERTAIN LOANS
ALTERNATE CHARGES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Instead of the charges authorized by Section 342.201, a loan contract may provide for:
(1) on a cash advance of less than $30, an acquisition charge that is not more than $1 for each $5 of the cash advance;
(2) on a cash advance equal to or more than $30 but not more than $100:
(A) an acquisition charge that is not more than the amount equal to one-tenth of the amount of the cash advance; and
(B) an installment account handling charge that is not more than:
(i) $3 a month if the cash advance is not more than $35;
(ii) $3.50 a month if the cash advance is more than $35 but not more than $70; or
(iii) $4 a month if the cash advance is more than $70; or
(3) on a cash advance of more than $100:
(A) an acquisition charge that is not more than $10; and
(B) an installment account handling charge that is not more than the ratio of $4 a month for each $100 of cash advance.
(b) For an acquisition charge authorized by this subchapter, the finance commission by rule may prescribe a reasonable maximum amount for an acquisition charge that is greater than the maximum amount authorized by the applicable section of this subchapter for the amount of the cash advance.
(c) An acquisition charge under this subchapter is not interest.
Notes and commentary — not statutory text
History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 784 (S.B. 1251), Sec. 4, eff. September 1, 2013.
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 c573718b1de6e9d4c131ce6a3b9b95da7da24d7c1cf2dd452f3e18a145a9ddf3
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 5 provisions
Provisions in this library whose text cites Tex. Fin. Code § 342.252. Each shows the citation as that text prints it.
Finance Code
- Tex. Fin. Code § 342.253MAXIMUM INTEREST CHARGE FOR LOAN WITH SINGLE REPAYMENT.Printed as Section 342.252
- Tex. Fin. Code § 342.256REFUND.Printed as Section 342.252(1) | Section 342.252(2)
- Tex. Fin. Code § 342.259LOANS WITH LARGER ADVANCES.Printed as Section 342.252 | Sections 342.201 and 342.252
- Tex. Fin. Code § 342.351REFUND OF PRECOMPUTED INTEREST: SUM OF THE PERIODIC BALANCES.Printed as Section 342.252 or 342.301
- Tex. Fin. Code § 342.501OBLIGATION UNDER MORE THAN ONE CONTRACT.Printed as Section 342.252
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.