Tex. Codes » Finance Code · TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · SUBTITLE A. INTEREST · CHAPTER 306. COMMERCIAL TRANSACTIONS
Texas Codes

Tex. Fin. Code § 306.103 (2026)

Account Purchase Transaction

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Sec. 306.103. ACCOUNT PURCHASE TRANSACTION. (a) An amount of a discount in, or charged under, an account purchase transaction is not interest.

(b) For the purposes of this chapter, the parties' characterization of an account purchase transaction as a purchase is conclusive that the account purchase transaction is not a transaction for the use, forbearance, or detention of money.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.

Notes of Decisions
Cited in 3 cases, 2003–2014 · leading case: Express Working Capital, LLC v. Starving Students, Inc., 28 F. Supp. 3d 660 (N.D. Tex. 2014).
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Express Working Capital, LLC v. Starving Students, Inc., 28 F. Supp. 3d 660 (N.D. Tex. 2014). · cites it 3× “) (citing Tex. Fin.Code § 306.103(b)); Tex. Fin.Code § 306.”
Korrody v. Miller, 126 S.W.3d 224 (Tex. App.—San Antonio 2003). “” See Tex. Finance Code § 306.103(b)(Vernon Supp.”
Amegy Bank Nat'l Ass'n v. S. Crushed Concrete, Inc., No. 01-07-00359-CV, 2009 WL 943758 (Tex. App.—Houston [1st Dist.] Apr. 9, 2009). “See Tex. Fin. Code Ann. § 306.103 (a)-(b) (Vernon 2006) (establishing that "account purchase transaction" is not a "transaction for the use, forbearance, or detention of money," and that discount is not "interest"); see also id.”
Tex. Fin. Code § 306.103(a): 1 case
Express Working Capital, LLC v. Starving Students, Inc., 28 F. Supp. 3d 660 (N.D. Tex. 2014). “) (citing Tex. Fin.Code § 306.103(b)); Tex. Fin.Code § 306.”
Tex. Fin. Code § 306.103(b): 2 cases
Express Working Capital, LLC v. Starving Students, Inc., 28 F. Supp. 3d 660 (N.D. Tex. 2014). “) (citing Tex. Fin.Code § 306.103(b)); Tex. Fin.Code § 306.”
Korrody v. Miller, 126 S.W.3d 224 (Tex. App.—San Antonio 2003). “” See Tex. Finance Code § 306.103(b)(Vernon Supp.”
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