Tex. Fin. Code § 342.503 · Subchapter K. LIMITATIONS ON AUTHORIZED LENDER
SECURITY FOR LOAN.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A lender may not take as security for a loan made under this chapter an assignment of wages.
(b) A lender may not take as security for a loan made under Subchapter E or F a lien on real property other than a lien created by law on the recording of an abstract of judgment.
(c) A lender may take as security for a loan made under Subchapter E or F an assignment of:
(1) a warrant drawn against a state fund; or
(2) a claim against a state fund or a state agency.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), 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 a76b144ad4207313579726e8bed4c7a9543fb2aaeab00b01a708fbe4eb4b874a
- 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.