Texas Statutes
§ 342.305 — ADDITIONAL INTEREST FOR DEFAULT: IRREGULAR TRANSACTION.
Texas § 342.305
JurisdictionTexas
Code FIFinance Code
This text of Texas § 342.305 (ADDITIONAL INTEREST FOR DEFAULT: IRREGULAR TRANSACTION.) 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. § 342.305 (2026).
Text
Sec. 342.305. ADDITIONAL INTEREST FOR DEFAULT: IRREGULAR TRANSACTION. A secondary mortgage loan that includes precomputed interest and that is an irregular transaction may provide for additional interest for default using the true daily earnings method for the period from the maturity date of an installment until the date the installment is paid. The rate of the additional interest may not exceed the maximum contract interest rate.
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Legislative History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Nearby Sections
15
§ 342.001
DEFINITIONS.§ 342.002
INTEREST COMPUTATION METHODS.§ 342.003
PURCHASE FROM MORTGAGEE.§ 342.005
APPLICABILITY OF CHAPTER.§ 342.007
DEFERRED PRESENTMENT TRANSACTION.§ 342.008
ATTEMPT TO EVADE LAW.§ 342.051
LICENSE REQUIRED.§ 342.101
APPLICATION REQUIREMENTS.§ 342.102
BOND.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 342.305, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/342.305.