(a) § 342.552 applies to a transaction:
(1) that is made by a person who holds a license under Chapter 342;
(2) that is subject to Chapter 342 or 346; and
(3) the rate of which is authorized by this chapter.
(b) Subchapter L, Chapter 342, applies to a loan:
(1) that is subject to Chapter 342; and
(2) the rate of which is authorized by this chapter.

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Terms Used In Texas Finance Code 303.405

  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005