Tex. Fin. Code § 347.502 · Subchapter K. CREDITOR'S LIABILITY; PENALTIES
LIABILITY FOR CHARGE EXCEEDING AMOUNT AUTHORIZED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Notwithstanding Chapter 349, a creditor who contracts for, charges, or receives a charge relating to a credit transaction, other than interest or time price differential, that is more than that authorized by this chapter is liable to the consumer as provided by Section 349.003.
(b) For purposes of this section, a late fee, default charge, or delinquency charge is included as a charge relating to a credit transaction.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.347.htm
- Text hash
- sha256 5da91dcd72a5765a45ec241e1be6141547087ef39afc9257a56500fad8b10994
- 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
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