Texas § 342.508 MAXIMUM LOAN TERM.

Texas Statutes

§ 342.508 — MAXIMUM LOAN TERM.

Texas § 342.508

Code FIFinance Code

This text of Texas § 342.508 (MAXIMUM LOAN TERM.) 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. § 342.508 (2026).

Text

Sec. 342.508. MAXIMUM LOAN TERM. A lender may not enter a loan contract under Section 342.201 (a) or Section 342.201 (e) under which the borrower agrees to make a scheduled payment of principal more than:

(1)37 calendar months after the date on which the contract is made, if the contract is for a cash advance of $1,500 or less;

(2)49 calendar months after the date on which the contract is made, if the contract is for a cash advance of more than $1,500 but not more than $3,000; or

(3)60 months after the date on which the contract is made, if the contract is for a cash advance of more than $3,000. SUBCHAPTER L. ADMINISTRATION OF CHAPTER

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 342.508. MAXIMUM LOAN TERM. A lender may not enter a loan contract under Section 342.201 (a) or Section 342.201 (e) under which the borrower agrees to make a scheduled payment of principal more than:
(1) 37 calendar months after the date on which the contract is made, if the contract is for a cash advance of $1,500 or less;
(2) 49 calendar months after the date on which the contract is made, if the contract is for a cash advance of more than $1,500 but not more than $3,000; or
(3) 60 months after the date on which the contract is made, if the contract is for a cash advance of more than $3,000.
SUBCHAPTER L. ADMINISTRATION OF CHAPTER