Texas § 342.502 AMOUNT AUTHORIZED.

Texas Statutes

§ 342.502 — AMOUNT AUTHORIZED.

Texas § 342.502

Code FIFinance Code

This text of Texas § 342.502 (AMOUNT AUTHORIZED.) 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. § 342.502 (2026).

Text

Sec. 342.502. AMOUNT AUTHORIZED.

(a)A lender may not directly or indirectly charge, contract for, or receive an amount that is not authorized under this chapter in connection with a loan to which this chapter applies, including any fee, compensation, bonus, commission, brokerage, discount, expense, and any other charge of any nature, whether or not listed by this subsection.

(b)On a loan subject to Subchapter E or a secondary mortgage loan subject to Subchapter G a lender may assess and collect from the borrower an amount incurred by the lender for:

(1)court costs;

(2)attorney's fees assessed by a court, in addition to those provided by Section 342.307 ;

(3)a fee authorized by law for filing, recording, or releasing in a public office a security for a loan;

(4)a reasonable amount spe

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Sec. 342.502. AMOUNT AUTHORIZED. (a) A lender may not directly or indirectly charge, contract for, or receive an amount that is not authorized under this chapter in connection with a loan to which this chapter applies, including any fee, compensation, bonus, commission, brokerage, discount, expense, and any other charge of any nature, whether or not listed by this subsection.
(b) On a loan subject to Subchapter E or a secondary mortgage loan subject to Subchapter G a lender may assess and collect from the borrower an amount incurred by the lender for:
(1) court costs;
(2) attorney's fees assessed by a court, in addition to those provided by Section 342.307 ;
(3) a fee authorized by law for filing, recording, or releasing in a public office a security for a loan;
(4) a reasonable amount spent for repossessing, storing, preparing for sale, or selling any security;
(5) a fee for recording a lien on or transferring a certificate of title to a motor vehicle offered as security for a loan made under this chapter; or
(6) a premium or an identifiable charge received in connection with the sale of insurance authorized under this chapter.
(c) Deleted by Acts 1999, 76th Leg., ch. 935, Sec. 2.04, eff. Sept. 1, 1999.
(d) On a loan subject to this chapter a lender may assess and collect a fee that does not exceed the amount prescribed by Section 3.506 , Business & Commerce Code, for the return by a depository institution of a dishonored check, negotiable order of withdrawal, or share draft offered in full or partial payment of a loan.

Legislative History

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 909, Sec. 2.19, eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 935, Sec. 2.03, 2.04, eff. Sept. 1, 1999. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453 ), Sec. 5, eff. September 1, 2011.