Texas § 342.005 APPLICABILITY OF CHAPTER.

Texas Statutes

§ 342.005 — APPLICABILITY OF CHAPTER.

Texas § 342.005

Code FIFinance Code

This text of Texas § 342.005 (APPLICABILITY OF CHAPTER.) 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. § 342.005 (2026).

Text

Sec. 342.005. APPLICABILITY OF CHAPTER. Except as provided by Sections 302.001 (d) and 342.004 (c), a loan is subject to this chapter if the loan:

(1)provides for interest in excess of 10 percent a year;

(2)is extended primarily for personal, family, or household use to a person who is located in this state at the time the loan is made;

(3)is made by a person engaged in the business of making, arranging, or negotiating those types of loans; and

(4)either:

(A)is not secured by a lien on real property; or

(B)is described by Section 342.001 (4), 342.301 , or 342.456 and is predominantly payable in monthly installments.

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Sec. 342.005. APPLICABILITY OF CHAPTER. Except as provided by Sections 302.001 (d) and 342.004 (c), a loan is subject to this chapter if the loan:
(1) provides for interest in excess of 10 percent a year;
(2) is extended primarily for personal, family, or household use to a person who is located in this state at the time the loan is made;
(3) is made by a person engaged in the business of making, arranging, or negotiating those types of loans; and
(4) either:
(A) is not secured by a lien on real property; or
(B) is described by Section 342.001 (4), 342.301 , or 342.456 and is predominantly payable in monthly installments.

Legislative History

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 916, Sec. 11, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1235, Sec. 12, eff. Sept. 1, 2001. Amended by: Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442 ), Sec. 14, eff. September 1, 2019.