Texas Statutes
§ 342.503 — SECURITY FOR LOAN.
Texas § 342.503
JurisdictionTexas
Code FIFinance Code
This text of Texas § 342.503 (SECURITY FOR LOAN.) 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. § 342.503 (2026).
Text
Sec. 342.503. SECURITY FOR LOAN.
(a)A lender may not take as security for a loan made under this chapter an assignment of wages.
(b)A lender may not take as security for a loan made under Subchapter E or F a lien on real property other than a lien created by law on the recording of an abstract of judgment.
(c)A lender may take as security for a loan made under Subchapter E or F an assignment of:
(1)a warrant drawn against a state fund; or
(2)a claim against a state fund or a state agency.
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. 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
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Bluebook (online)
Texas § 342.503, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/342.503.