Texas § FI.342.001 - DEFINITIONS
Full text of Texas The Texas Constitution § FI.342.001 — DEFINITIONS, with citation guidance and answers to common questions.
§ FI.342.001. DEFINITIONS
DEFINITIONS. In this chapter: (1) "Irregular transaction" means a loan: (A) that is payable in installments that are not consecutive, monthly, and substantially equal in amount; or (B) the first scheduled installment of which is due later than one month and 15 days after the date of the loan. (2) "Regular transaction" means a loan: (A) that is payable in installments that are consecutive, monthly, and substantially equal in amount; and (B) the first scheduled installment of which is due within one month and 15 days after the date of the loan. (3) "Regulated loan license" means a consumer loan license. (4) "Secondary mortgage loan" means a loan that is: (A) secured in whole or in part by an interest, including a lien or security interest, in real property that is: (i) improved by a dwelling designed for occupancy by four or fewer families; and (ii) subject to one or more liens, security interests, prior mortgages, or deeds of trust; and (B) not to be repaid before the 91st day after the date of the loan. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 909, Sec. 2.04, eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § FI.342.001
What does The Texas Constitution § FI.342.001 cover?
Section FI.342.001 ("DEFINITIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.342.001?
A common citation format is "The Texas Constitution § FI.342.001" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.342.001 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.