Tex. Fin. Code Section 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 (H.B. 955), Sec. 1.04, eff. September 1, 2005.

Source: Section 350.001 — Applicability, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­350.­htm#350.­001 (accessed May 25, 2024).

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Accessed:
May 25, 2024

§ 350.001’s source at texas​.gov