Texas § 341.405 PENALTY FOR MAKING ILLEGAL OFFER.

Texas Statutes

§ 341.405 — PENALTY FOR MAKING ILLEGAL OFFER.

Texas § 341.405

Code FIFinance Code

This text of Texas § 341.405 (PENALTY FOR MAKING ILLEGAL OFFER.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 341.405 (2026).

Text

Sec. 341.405. PENALTY FOR MAKING ILLEGAL OFFER.

(a)A person commits an offense if the person violates Section 341.404 . An offense under that section is a Class C misdemeanor.

(b)A person who violates Section 341.404 :

(1)may be prosecuted for the offense; or

(2)may be held liable for:

(A)the penalties under Chapter 349 ; and

(B)civil penalties assessed by the consumer credit commissioner.

(c)A person is not subject to both prosecution and the penalties described by Subsection (b)(2).

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Sec. 341.405. PENALTY FOR MAKING ILLEGAL OFFER. (a) A person commits an offense if the person violates Section 341.404 . An offense under that section is a Class C misdemeanor.
(b) A person who violates Section 341.404 :
(1) may be prosecuted for the offense; or
(2) may be held liable for:
(A) the penalties under Chapter 349 ; and
(B) civil penalties assessed by the consumer credit commissioner.
(c) A person is not subject to both prosecution and the penalties described by Subsection (b)(2).