Texas § 342.252 ALTERNATE CHARGES.

Texas Statutes

§ 342.252 — ALTERNATE CHARGES.

Texas § 342.252

Code FIFinance Code

This text of Texas § 342.252 (ALTERNATE CHARGES.) 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. § 342.252 (2026).

Text

Sec. 342.252. ALTERNATE CHARGES.

(a)Instead of the charges authorized by Section 342.201 , a loan contract may provide for:

(1)on a cash advance of less than $30, an acquisition charge that is not more than $1 for each $5 of the cash advance;

(2)on a cash advance equal to or more than $30 but not more than $100:

(A)an acquisition charge that is not more than the amount equal to one-tenth of the amount of the cash advance; and

(B)an installment account handling charge that is not more than:

(i)$3 a month if the cash advance is not more than $35;

(ii)$3.50 a month if the cash advance is more than $35 but not more than $70; or

(iii)$4 a month if the cash advance is more than $70; or

(3)on a cash advance of more than $100:

(A)an acquisition charge that is not more than $10; and

(B)a

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Sec. 342.252. ALTERNATE CHARGES. (a) Instead of the charges authorized by Section 342.201 , a loan contract may provide for:
(1) on a cash advance of less than $30, an acquisition charge that is not more than $1 for each $5 of the cash advance;
(2) on a cash advance equal to or more than $30 but not more than $100:
(A) an acquisition charge that is not more than the amount equal to one-tenth of the amount of the cash advance; and
(B) an installment account handling charge that is not more than:
(i) $3 a month if the cash advance is not more than $35;
(ii) $3.50 a month if the cash advance is more than $35 but not more than $70; or
(iii) $4 a month if the cash advance is more than $70; or
(3) on a cash advance of more than $100:
(A) an acquisition charge that is not more than $10; and
(B) an installment account handling charge that is not more than the ratio of $4 a month for each $100 of cash advance.
(b) For an acquisition charge authorized by this subchapter, the finance commission by rule may prescribe a reasonable maximum amount for an acquisition charge that is greater than the maximum amount authorized by the applicable section of this subchapter for the amount of the cash advance.
(c) An acquisition charge under this subchapter is not interest.

Legislative History

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 784 (S.B. 1251 ), Sec. 4, eff. September 1, 2013.