Texas Finance Code Title 4, Chapter 306 - Commercial Transactions

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 306.001 - Definitions
  In this chapter: (1) "Account purchase transaction" means an agreement under which a person engaged in a commercial enterprise sells accounts, instruments, documents, or chattel...
• Texas Section 306.002 - Interest; Application Of Other Provisions Of Subtitle
  (a) A creditor may contract for, charge, and receive from an obligor on a commercial loan a rate or amount of interest that does not...
• Texas Section 306.003 - Computation Of Loan Terms
  (a) In addition to any other method otherwise permitted under this title, a creditor and an obligor may agree to compute an annual interest rate...
• Texas Section 306.004 - Determining Rates Of Interest By Spreading
  (a) To determine whether a commercial loan is usurious, the interest rate is computed by amortizing or spreading, using the actuarial method during the stated...
• Texas Section 306.005 - Prepayment Premiums And Similar Amounts
  With respect to a loan subject to this chapter, a creditor and an obligor may agree to a prepayment premium, make-whole premium, or similar fee...
• Texas Section 306.006 - Certain Authorized Charges On Commercial Loans
  In addition to the interest authorized by this chapter, the parties to a commercial loan may agree and stipulate for: (1) a delinquency charge on...

SUBCHAPTER B PROVISIONS RELATING TO SPECIFIC TYPES OF COMMERCIAL LOANS OR TRANSACTIONS

• Texas Section 306.007 - Guaranty, Assumption, Payment, Or Other Agreement
  With respect to a commercial loan, an obligor may be required to assume, pay, or provide a guaranty of another person's existing or future obligation...
• Texas Section 306.101 - Qualified Commercial Loan
  (a) The parties to a qualified commercial loan agreement may contract for a rate or amount of interest that does not exceed the applicable rate...
• Texas Section 306.102 - Asset-backed Securities Transaction
  An amount that is paid, passed through, or obligated to be paid or to be passed through in connection with asset-backed securities or that is...
• Texas Section 306.103 - Account Purchase Transaction
  (a) An amount of a discount in, or charged under, an account purchase transaction is not interest. (b) For the purposes of this chapter, the...

Last modified: September 28, 2016