License Required

Optional Rate Ceilings · Provisions Applicable to Certain Consumer Loans and Secondary Mortgage Loans

A person engaged in the business of making loans for personal, family, or household use for which the rate is authorized under this chapter must obtain a license under Chapter 342 unless the person is not required to obtain a license under Section 342.051.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source

Legislative history

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.

Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.04, eff. September 1, 2005.

This section refers to

§ 342.051