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100 chapters · 2,835 sections in this title.
Tex. Finance Code § 306.001 Definitions
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Sec. 306.001. DEFINITIONS. In this chapter: (1) "Account purchase transaction" means an agreement under which a person engaged in a commercial enterprise sells accounts, instruments, documents, or chattel paper subject to this subtitle at a discount, regardless of whether the per…
Tex. Finance Code § 306.002 Interest; Application of Other Provisions of Subtitle
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Sec. 306.002. INTEREST; APPLICATION OF OTHER PROVISIONS OF SUBTITLE. (a) A creditor may contract for, charge, and receive from an obligor on a commercial loan a rate or amount of interest that does not exceed the applicable ceilings computed in accordance with Chapter 303. (b) Al…
Tex. Finance Code § 306.003 Computation of Loan Terms
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Sec. 306.003. COMPUTATION OF LOAN TERMS. (a) In addition to any other method otherwise permitted under this title, a creditor and an obligor may agree to compute an annual interest rate on a commercial loan on a 365/360 basis or a 366/360 basis, as applicable, determined by apply…
Tex. Finance Code § 306.004 Determining Rates of Interest By Spreading
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Sec. 306.004. DETERMINING RATES OF INTEREST BY SPREADING. (a) To determine whether a commercial loan is usurious, the interest rate is computed by amortizing or spreading, using the actuarial method during the stated term of the loan, all interest at any time contracted for, char…