Texas § FI.342.259 - LOANS WITH LARGER ADVANCES
Full text of Texas The Texas Constitution § FI.342.259 — LOANS WITH LARGER ADVANCES, with citation guidance and answers to common questions.
§ FI.342.259. LOANS WITH LARGER ADVANCES
LOANS WITH LARGER ADVANCES. (a) Instead of the charges authorized by Sections 342.201 and 342.252 , a loan made under this subchapter with a maximum cash advance computed under Subchapter C , Chapter 341 , using a reference base amount that is more than $100 but not more than $200, may provide for: (1) an acquisition charge that is not more than $10; and (2) an installment account handling charge that is not more than the ratio of $4 a month for each $100 of cash advance. (b) An acquisition charge under this section is considered to be earned at the time a loan is made and is not subject to refund. On the prepayment of a loan that is subject to this section, the installment account handling charge is subject to refund in accordance with Subchapter H. (c) Except as provided by this section, provisions of this chapter applicable to a loan that is subject to Section 342.252 also apply to a loan that is subject to this section. Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955 ), Sec. 2.24, eff. September 1, 2005.
Frequently Asked Questions About Texas § FI.342.259
What does The Texas Constitution § FI.342.259 cover?
Section FI.342.259 ("LOANS WITH LARGER ADVANCES") 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.342.259?
A common citation format is "The Texas Constitution § FI.342.259" (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.342.259 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.