(a) Except as provided by Subsection (b), an action under this chapter must be brought before the later of:
(1) the fourth anniversary of the date of the loan or retail installment transaction with respect to which the violation occurred; or
(2) the second anniversary of the date on which the violation occurred.
(b) An action under this chapter with respect to an open-end credit transaction must be brought before the second anniversary of the date on which the violation occurred.
Official text of the Texas Finance Code as published by the Texas Legislative Council.