Texas Finance Code 349.004 – Liability Related to Criminal Offense
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 349.004
- 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
In addition to other applicable penalties, a person who commits an offense under Section 349.502 is liable to the obligor for an amount equal to:
(1) the principal of and all charges contracted for or collected on each loan made without the authority required by Chapter 342 or 346; and
(2) reasonable attorney’s fees incurred by the obligor.