Texas § 342.004 CONSTITUTIONAL INTEREST; EXEMPTION FOR LOAN WITH INTEREST RATE OF 10 PERCENT OR LESS.

Texas Statutes

§ 342.004 — CONSTITUTIONAL INTEREST; EXEMPTION FOR LOAN WITH INTEREST RATE OF 10 PERCENT OR LESS.

Texas § 342.004

Code FIFinance Code

This text of Texas § 342.004 (CONSTITUTIONAL INTEREST; EXEMPTION FOR LOAN WITH INTEREST RATE OF 10 PERCENT OR LESS.) 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. § 342.004 (2026).

Text

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 subject to this chapter.

(c)A loan described by Section 302.001 (d) may provide for a delinquency charge as provided by that section without being subject to this chapter or any other provision of this subtitle.

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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 subject to this chapter.
(c) A loan described by Section 302.001 (d) may provide for a delinquency charge as provided by that section without being subject to this chapter or any other provision of this subtitle.