Tex. Fin. Code § 306.102
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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 not paid as a result of a discounted sale price to the holders of asset-backed securities by a pass-through entity is not interest. This section does not affect interest that is agreed on and fixed by the parties to a written contract and paid, charged, or received on the ultimate underlying assets pledged to or held for the benefit of holders of asset-backed securities.
Tex. Fin. Code § 306.102