Tex. Fin. Code § 342.259 · Subchapter F. ALTERNATE CHARGES FOR CERTAIN LOANS
LOANS WITH LARGER ADVANCES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Instead of the charges authorized by Sections 342.201 and 342.252, a loan made under this subchapter with a maximum cash advance computed under Subchapter C, Chapter 341, using a reference base amount that is more than $100 but not more than $200, may provide for:
(1) an acquisition charge that is not more than $10; and
(2) an installment account handling charge that is not more than the ratio of $4 a month for each $100 of cash advance.
(b) An acquisition charge under this section is considered to be earned at the time a loan is made and is not subject to refund. On the prepayment of a loan that is subject to this section, the installment account handling charge is subject to refund in accordance with Subchapter H.
(c) Except as provided by this section, provisions of this chapter applicable to a loan that is subject to Section 342.252 also apply to a loan that is subject to this section.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.24, 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.342.htm
- Text hash
- sha256 bd73b2e9b76e6dc8389880ce3610cede6fd038f363727be1d41604294a9a71d7
- 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.
Finance Code
- Tex. Fin. Code ch. 341, subch. CREVISED CEILINGS AND BRACKETSPrinted as Subchapter C, Chapter 341
- Tex. Fin. Code § 342.201MAXIMUM INTEREST CHARGE AND ADMINISTRATIVE FEE.Printed as Sections 342.201 and 342.252
- Tex. Fin. Code § 342.252ALTERNATE CHARGES.Printed as Section 342.252 | Sections 342.201 and 342.252
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 342.259. 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.