Texas Finance Code 303.301 – Agreement to Which Chapter Does Not Apply
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Terms Used In Texas Finance Code 303.301
- Lien: A claim against real or personal property in satisfaction of a debt.
The rate ceilings provided by this chapter do not apply to an agreement:
(1) under which credit is extended by the seller, or an owner, subsidiary, or corporate affiliate of the seller, for a transaction governed by Chapter 601, Business & Commerce Code; and
(2) that is secured by a lien on the obligor’s homestead.