Tex. Fin. Code Section 305.008
Criminal Penalty

(a)

A person commits an offense if the person contracts for, charges, or receives interest on a transaction for personal, family, or household use that is greater than twice the amount authorized by this subtitle.

(b)

An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.

(c)

Each contract or transaction that violates this section is a separate offense.

(d)

This section applies only to a contract or transaction subject to this subtitle.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.

Source: Section 305.008 — Criminal Penalty, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­305.­htm#305.­008 (accessed May 25, 2024).

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Accessed:
May 25, 2024

§ 305.008’s source at texas​.gov