Texas § 393.602 APPLICABILITY.

Texas Statutes

§ 393.602 — APPLICABILITY.

Texas § 393.602

Code FIFinance Code

This text of Texas § 393.602 (APPLICABILITY.) 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. § 393.602 (2026).

Text

Sec. 393.602. APPLICABILITY.

(a)This subchapter applies only to a credit services organization that, with respect to a consumer who is located in this state at the time of the transaction, obtains for a consumer or assists a consumer in obtaining an extension of consumer credit in the form of:

(1)a deferred presentment transaction; or

(2)a motor vehicle title loan.

(b)A credit access business may assess fees for its services as agreed to between the parties. A credit access business fee may be calculated daily, biweekly, monthly, or on another periodic basis. A credit access business is permitted to charge amounts allowed by other laws, as applicable. A fee may not be charged unless it is disclosed.

(c)A person may not use a device, subterfuge, or pretense to evade the application of

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Sec. 393.602. APPLICABILITY. (a) This subchapter applies only to a credit services organization that, with respect to a consumer who is located in this state at the time of the transaction, obtains for a consumer or assists a consumer in obtaining an extension of consumer credit in the form of:
(1) a deferred presentment transaction; or
(2) a motor vehicle title loan.
(b) A credit access business may assess fees for its services as agreed to between the parties. A credit access business fee may be calculated daily, biweekly, monthly, or on another periodic basis. A credit access business is permitted to charge amounts allowed by other laws, as applicable. A fee may not be charged unless it is disclosed.
(c) A person may not use a device, subterfuge, or pretense to evade the application of this subchapter. A lawful transaction governed under another statute, including Title 1, Business & Commerce Code, does not violate this subsection and may not be considered a device, subterfuge, or pretense to evade the application of this subchapter.

Legislative History

Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594 ), Sec. 2, eff. January 1, 2012. Amended by: Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442 ), Sec. 82, eff. September 1, 2019.