State Codes and Statutes
Statutes > Texas > Finance-code > Title-4-regulation-of-interest-loans-and-financed-transactions > Chapter-350-requirements-and-limitations-applicable-to-consumer-creditors-not-licensed-or-registered
FINANCE CODE
TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
CHAPTER 350. REQUIREMENTS AND LIMITATIONS APPLICABLE TO CONSUMER
CREDITORS NOT LICENSED OR REGISTERED UNDER THIS TITLE
Sec. 350.001. APPLICABILITY. (a) This chapter applies to a
person who extends credit primarily for personal, family, or
household use and not for a business, commercial, investment, or
agricultural purpose. For the purposes of this chapter, credit
means the right granted to a debtor to defer payment of debt or
to incur debt and defer its payment. A creditor is subject to
this chapter if the creditor charges a finance charge or extends
credit payable in one or more installments.
(b) This chapter does not apply to a person who is:
(1) licensed or registered under this title or Title 3; or
(2) exempt from licensing or registration under this title.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
Sec. 350.002. PREVENTION OF EVASION. A person may not use any
device, subterfuge, or pretense to evade the application of this
section.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
Sec. 350.003. COMPLIANCE WITH FAIR TRADE PRACTICES ACT. A
creditor who is not licensed, registered, or otherwise exempt
under this title must comply with the requirements of 15 U.S.C.
Section 45. An enforcement action to compel compliance under
this section may include an action to enjoin illegal activities
or order restitution.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
Sec. 350.004. PENALTIES. Chapter 349 applies to violations of
this chapter and the rules adopted under this chapter.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
State Codes and Statutes
Statutes > Texas > Finance-code > Title-4-regulation-of-interest-loans-and-financed-transactions > Chapter-350-requirements-and-limitations-applicable-to-consumer-creditors-not-licensed-or-registered
FINANCE CODE
TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
CHAPTER 350. REQUIREMENTS AND LIMITATIONS APPLICABLE TO CONSUMER
CREDITORS NOT LICENSED OR REGISTERED UNDER THIS TITLE
Sec. 350.001. APPLICABILITY. (a) This chapter applies to a
person who extends credit primarily for personal, family, or
household use and not for a business, commercial, investment, or
agricultural purpose. For the purposes of this chapter, credit
means the right granted to a debtor to defer payment of debt or
to incur debt and defer its payment. A creditor is subject to
this chapter if the creditor charges a finance charge or extends
credit payable in one or more installments.
(b) This chapter does not apply to a person who is:
(1) licensed or registered under this title or Title 3; or
(2) exempt from licensing or registration under this title.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
Sec. 350.002. PREVENTION OF EVASION. A person may not use any
device, subterfuge, or pretense to evade the application of this
section.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
Sec. 350.003. COMPLIANCE WITH FAIR TRADE PRACTICES ACT. A
creditor who is not licensed, registered, or otherwise exempt
under this title must comply with the requirements of 15 U.S.C.
Section 45. An enforcement action to compel compliance under
this section may include an action to enjoin illegal activities
or order restitution.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
Sec. 350.004. PENALTIES. Chapter 349 applies to violations of
this chapter and the rules adopted under this chapter.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
State Codes and Statutes
Statutes >
Texas >
Finance-code >
Title-4-regulation-of-interest-loans-and-financed-transactions >
Chapter-350-requirements-and-limitations-applicable-to-consumer-creditors-not-licensed-or-registered FINANCE CODE
TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
CHAPTER 350. REQUIREMENTS AND LIMITATIONS APPLICABLE TO CONSUMER
CREDITORS NOT LICENSED OR REGISTERED UNDER THIS TITLE
Sec. 350.001. APPLICABILITY. (a) This chapter applies to a
person who extends credit primarily for personal, family, or
household use and not for a business, commercial, investment, or
agricultural purpose. For the purposes of this chapter, credit
means the right granted to a debtor to defer payment of debt or
to incur debt and defer its payment. A creditor is subject to
this chapter if the creditor charges a finance charge or extends
credit payable in one or more installments.
(b) This chapter does not apply to a person who is:
(1) licensed or registered under this title or Title 3; or
(2) exempt from licensing or registration under this title.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
Sec. 350.002. PREVENTION OF EVASION. A person may not use any
device, subterfuge, or pretense to evade the application of this
section.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
Sec. 350.003. COMPLIANCE WITH FAIR TRADE PRACTICES ACT. A
creditor who is not licensed, registered, or otherwise exempt
under this title must comply with the requirements of 15 U.S.C.
Section 45. An enforcement action to compel compliance under
this section may include an action to enjoin illegal activities
or order restitution.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
Sec. 350.004. PENALTIES. Chapter 349 applies to violations of
this chapter and the rules adopted under this chapter.
Added by Acts 2005, 79th Leg., Ch.
1018, Sec. 1.04, eff. September 1, 2005.
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