The penalties provided by this chapter are the only penalties for violation of this subtitle for contracting for, charging, or receiving interest in an amount that produces a rate in excess of the maximum rate allowed by law. Common law penalties do not apply.
Tex. Fin. Code § 305.007
PENALTIES EXCLUSIVE
Applied in 4 court decisions — leading case Bair Chase Property Co. v. S & K Development Co. (2008)
Most recently applied in Ries v. Ardinger (In re Adkins Supply, Inc.) (August 2016)
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.