Tex. Fin. Code § 342.255

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 342.255 - Maximum Loan Term

The maximum scheduled term of a loan made under this subchapter is:

(1) for a loan of $100 or less, the lesser of:

(A) one month for each multiple of $10 of cash advance; or

(B) six months; and

(2) for a loan of more than $100, one month for each multiple of $20 of cash advance.

Tex. Fin. Code § 342.255

Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 784,Sec. 5, eff. 9/1/2013.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. 9/1/1999.