™Your Policy Risk Impact Agent
100 chapters · 2,835 sections in this title.
Tex. Finance Code § 302.001 Contracting For, Charging, Or Receiving Interest Or Time Price Differential; Usurious Interest
1.3K chars
Sec. 302.001. CONTRACTING FOR, CHARGING, OR RECEIVING INTEREST OR TIME PRICE DIFFERENTIAL; USURIOUS INTEREST. (a) A creditor may contract for, charge, and receive from an obligor interest or time price differential. (b) The maximum rate or amount of interest is 10 percent a year …
Tex. Finance Code § 302.002 Accrual of Interest When No Rate Specified
0.8K chars
Sec. 302.002. ACCRUAL OF INTEREST WHEN NO RATE SPECIFIED. If a creditor has not agreed with an obligor to charge the obligor any interest, the creditor may charge and receive from the obligor legal interest at the rate of six percent a year on the principal amount of the credit e…
Tex. Finance Code § 302.101 Determining Rates of Interest By Spreading
1.1K chars
Sec. 302.101. DETERMINING RATES OF INTEREST BY SPREADING. (a) To determine whether a loan secured in any part by an interest in real property, including a lien, mortgage, or security interest, is usurious, the interest rate is computed by amortizing or spreading, using the actuar…
Tex. Finance Code § 302.102 Prohibition On Prepayment Penalty
0.4K chars
Sec. 302.102. PROHIBITION ON PREPAYMENT PENALTY. If the interest rate on a loan for property that is or is to be the residential homestead of the borrower is greater than 12 percent a year, a prepayment penalty may not be collected on the loan unless the penalty is required by an…