A creditor is not subject to penalty under this chapter for any usurious interest that results from an accidental and bona fide error.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 4 › Chapter 305 › Subchapter B
Texas Finance Code § 305.101
Accidental and Bona Fide Error
Penalties and Remedies · Exception from Liability
Legislative history
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.