Tex. Fin. Code § 342.255 · Subchapter F. ALTERNATE CHARGES FOR CERTAIN LOANS
MAXIMUM LOAN TERM.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The maximum scheduled term of a loan made under this subchapter is:
(1) for a loan of $100 or less, the lesser of:
(A) one month for each multiple of $10 of cash advance; or
(B) six months; and
(2) for a loan of more than $100, one month for each multiple of $20 of cash advance.
Notes and commentary — not statutory text
History
Added 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. 5, 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 86e56f639ed986f83f8eb747eef2ae7bf4187cf50ea8a0e9e37608c7e6d8c4c3
- 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.