Tex. Fin. Code § 349.402

LIMITATION PERIOD

Applied in 1 court decision — leading case Cavazos v. Mid-State Trust II (In Re Hillsborough Holdings Corp.) (2001)

Most recently applied in Cavazos v. Mid-State Trust II (In Re Hillsborough Holdings Corp.) (September 2001)

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

(a) Except as provided by Subsection (b), an action under this chapter must be brought before the later of:

(1) the fourth anniversary of the date of the loan or retail installment transaction with respect to which the violation occurred; or

(2) the second anniversary of the date on which the violation occurred.

(b) An action under this chapter with respect to an open-end credit transaction must be brought before the second anniversary of the date on which the violation occurred.

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