Texas § FI.342.455 - AGREEMENT FOR MORE THAN ONE LOAN OR CASH ADVANCE
Full text of Texas The Texas Constitution § FI.342.455 — AGREEMENT FOR MORE THAN ONE LOAN OR CASH ADVANCE, with citation guidance and answers to common questions.
§ FI.342.455. AGREEMENT FOR MORE THAN ONE LOAN OR CASH ADVANCE
AGREEMENT FOR MORE THAN ONE LOAN OR CASH ADVANCE. (a) A lender and a borrower may enter an agreement under which one or more loans or cash advances are from time to time made to or for the account of the borrower. (b) An agreement under this section may provide for a maximum loan charge on the unpaid principal amounts from time to time outstanding at a rate that does not exceed the rate that produces the maximum interest charge computed under Section 342.201 for an equivalent loan amount. (c) An agreement under this section must be written and signed by the lender and borrower. (d) An agreement under this section must contain: (1) the date of the agreement; (2) the name and address of each borrower; and (3) the name and address of the lender. (e) If a charge for insurance coverage is to be included in a loan contract, an agreement under this section must clearly set forth a simple statement of the amount of the charge or the method by which the charge is to be computed. (f) The lender shall deliver a copy of an agreement under this section to the borrower. (g) The commissioner may prescribe monthly rates of charge that produce the maximum interest charge computed under Section 342.201 for use under Subsection (b). Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.342.455
What does The Texas Constitution § FI.342.455 cover?
Section FI.342.455 ("AGREEMENT FOR MORE THAN ONE LOAN OR CASH ADVANCE") 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.342.455?
A common citation format is "The Texas Constitution § FI.342.455" (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.342.455 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.