Texas Codes

Tex. Fin. Code § 308.001 (2026)

Applicability

✓ current as of May 2026
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Sec. 308.001. APPLICABILITY. This chapter applies to a person regularly engaged in the business of extending credit under this subtitle primarily for personal, family, or household use and not for a business, commercial, investment, or agricultural purpose. This chapter does not apply to a transaction primarily for a business, commercial, investment, or agricultural purpose.

Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 1.01, eff. September 1, 2005.

Notes of Decisions
Cited in 1 case, 2016–2016 · leading case: Centerpoint Builders Gp, LLC & Centerpoint Builders, Ltd. v. Trussway, Ltd., 496 S.W.3d 33 (Tex. 2016).
Centerpoint Builders Gp, LLC & Centerpoint Builders, Ltd. v. Trussway, Ltd., 496 S.W.3d 33 (Tex. 2016). · cites it 2× “103(a)(1) (prohibiting a corporation from making a loan to a candidate, officeholder, or political committee for campaign or officeholder purposes unless “the corporation has been legally and continuously engaged in the business of lending money for at least one year before the…”
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