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Texas Finance Code - FIN § 342.255. Maximum Loan Term

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 342.255. Maximum Loan Term - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-342-255/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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