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Texas Finance Code - FIN § 350.001. Applicability

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(a) This chapter applies to a person who extends credit primarily for personal, family, or household use and not for a business, commercial, investment, or agricultural purpose.  For the purposes of this chapter, credit means the right granted to a debtor to defer payment of debt or to incur debt and defer its payment.  A creditor is subject to this chapter if the creditor charges a finance charge or extends credit payable in one or more installments.

(b) This chapter does not apply to a person who is:

(1) licensed or registered under this title or Title 3   1;  or

(2) exempt from licensing or registration under this title.

1  V.T.C.A., Finance Code § 31.001 et seq.

Cite this article: - Texas Finance Code - FIN § 350.001. Applicability - last updated April 14, 2021 |

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