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100 chapters · 2,835 sections in this title.
Tex. Finance Code § 342.001 Definitions
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Sec. 342.001. DEFINITIONS. In this chapter: (1) "Irregular transaction" means a loan: (A) that is payable in installments that are not consecutive, monthly, and substantially equal in amount; or (B) the first scheduled installment of which is due later than one month and 15 days …
Tex. Finance Code § 342.002 Interest Computation Methods
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Sec. 342.002. INTEREST COMPUTATION METHODS. (a) The scheduled installment earnings method is a method to compute an interest charge by applying a daily rate to the unpaid balance of the principal amount as if each payment will be made on its scheduled installment date. A payment …
Tex. Finance Code § 342.003 Purchase From Mortgagee
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Sec. 342.003. PURCHASE FROM MORTGAGEE. For the purposes of this chapter, a purchase from a mortgagee of an interest in a secondary mortgage loan that was made to secure that loan is treated as if it were a secondary mortgage loan. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.1…
Tex. Finance Code § 342.004 Constitutional Interest; Exemption For Loan With Interest Rate of 10 Percent Or Less
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Sec. 342.004. CONSTITUTIONAL INTEREST; EXEMPTION FOR LOAN WITH INTEREST RATE OF 10 PERCENT OR LESS. (a) Except as otherwise fixed by law, the maximum rate of interest is 10 percent a year. (b) A loan providing for a rate of interest that is 10 percent a year or less is not subjec…