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Tex. Fin. Code § 342.255

MAXIMUM LOAN TERM

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff

The maximum scheduled term of a loan made under this subchapter is:

(1) for a loan of $100 or less, the lesser of:

(A) one month for each multiple of $10 of cash advance; or

(B) six months; and

(2) for a loan of more than $100, one month for each multiple of $20 of cash advance.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.