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(a) A person commits an offense if the person contracts for, charges, or receives interest on a transaction for personal, family, or household use that is greater than twice the amount authorized by this subtitle.
(b) An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.
(c) Each contract or transaction that violates this section is a separate offense.
(d) This section applies only to a contract or transaction subject to this subtitle.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 305.008. Criminal Penalty - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-305-008/
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