Texas Business and Commerce Code 9.201 – General Effectiveness of Security Agreement
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(a) Except as otherwise provided by this title, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.
(b) A transaction subject to this chapter is subject to any applicable rule of law that establishes a different rule for consumers and to:
(1) Title 4, Finance Code; and
(2) Subchapter E, Chapter 17.
Terms Used In Texas Business and Commerce Code 9.201
- Rule: includes regulation. See Texas Government Code 311.005
- Statute: A law passed by a legislature.
(c) In case of conflict between this chapter and a rule of law, statute, or regulation described in Subsection (b), the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in Subsection (b) has only the effect the statute or regulation specifies.
(d) This chapter does not:
(1) validate any rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in Subsection (b); or
(2) extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.