Texas Finance Code - Section 303.402. Penalty For Violation Of Chapter For Certain Contracts Subject To Subtitle B
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Texas Laws > Finance Code > Texas Finance Code - Section 303.402. Penalty For Violation Of Chapter For Certain Contracts Subject To Subtitle B
§ 303.402. PENALTY FOR VIOLATION OF CHAPTER FOR CERTAIN
CONTRACTS SUBJECT TO SUBTITLE B. (a) A person who contracts for,
charges, or receives under a contract subject to Chapter 342, 345,
346, 347, or 348, including a contract for an open-end account, a
rate or amount of time price differential that exceeds the maximum
applicable rate or amount authorized by the applicable chapter or
this chapter is subject to a penalty for that violation determined
under Chapter 349.
(b) For a contract described by Subsection (a) that contains
a rate or amount authorized under this chapter, the failure to
perform a duty or comply with a prohibition provided by this chapter
is subject to Chapter 349 as if this chapter were in Subtitle B.
Amended by Acts 1999, 76th Leg., ch. 62, § 7.18(a), eff. Sept. 1,
1999.
Section: 303.106 303.201 303.202 303.203 303.301 303.302 303.401 303.402 303.403 303.404 303.405 303.406 303.407 303.501 303.502
Last modified: August 11, 2007
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