Texas Codes

Tex. Fin. Code § 349.001 (2026)

Liability For Contracting For, Charging, Or Receiving Excessive Amount

✓ current as of May 2026

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Sec. 349.001. LIABILITY FOR CONTRACTING FOR, CHARGING, OR RECEIVING EXCESSIVE AMOUNT. (a) A person who violates this subtitle by contracting for, charging, or receiving interest or time price differential greater than the amount authorized by this subtitle is liable to the obligor for an amount equal to:

(1) twice the amount of the interest or time price differential contracted for, charged, or received; and

(2) reasonable attorney's fees set by the court.

(b) A person who violates this subtitle by contracting for, charging, or receiving a charge, other than interest or time price differential, greater than the amount authorized by this subtitle is liable to the obligor for an amount equal to:

(1) the greater of:

(A) three times the amount computed by subtracting the amount of the charge authorized by this subtitle from the amount of the charge contracted for, charged, or received; or

(B) $2,000 or 20 percent of the amount of the principal balance, whichever is less; and

(2) reasonable attorney's fees set by the court.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.24(a), eff. Sept. 1, 1999.

Notes of Decisions

Cited in 8 cases, 2000–2020 · leading case: WEISFIELD v. Texas Land Fin. Co., 162 S.W.3d 379 (Tex. App. 2005).

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WEISFIELD v. Texas Land Fin. Co., 162 S.W.3d 379 (Tex. App. 2005). · cites it 2× “See Tex. Fin.Code Ann. § 349.001 (Vernon Supp.”

Collins v. Fred Haas Toyota, 21 S.W.3d 606 (Tex. App. 2000). · cites it 2× “004 (Vernon 1998); Tex. Fin.Code Ann. § 349.001 (Vernon Supp.”

Sister Initiative, LLC David Bagwell & Susan Bagwell v. Broughton Maint. Ass'n, Inc. Old Grove Maint. Ass'n, Inc. & Whittier Heights Maint. Ass'n, Inc. (Tex. App. 2020). “See Tex. Fin. Code Ann. § 349.001 . But they ignore the following section of the Finance Code that deals with charging interest in twice the amount authorized by the Finance Code and that permits what is in essence a forfeiture by 56 Appellants’ argument relies on the supreme…”

Robinson & Harrison Poultry Co. v. Galvan, 323 S.W.3d 236 (Tex. App. 2010). “See Tex. Fin Code Ann. §§ 349.001 , 349.002 (Vernon 2006).”

in Re James Norton, Jr. (Tex. App. 2009). “See Tex. Fin. Code Ann. §§ 349.001 (a)(2), .002(b), .”

Neal Autoplex, Inc. D/B/A Neal Suzuki v. Lonnie R. Franklin & Wife Lisa B. Franklin, 441 S.W.3d 444 (Tex. App. 2014). “Tex.Fin.Code Ann. § 349.001(a)(West 2006); Collins v.”

Robinson & Harrison Poultry Co., Inc. v. Marcelo Galvan, Analicia R. Galvan, & Proveedores Int'l, Inc. (Tex. App. 2010). “See Tex. Fin. Code Ann. §§ 349.001 , 349.002 (Vernon 2006).”

— Tex. Fin. Code § 349.001(a) — 1 case

Neal Autoplex, Inc. D/B/A Neal Suzuki v. Lonnie R. Franklin & Wife Lisa B. Franklin, 441 S.W.3d 444 (Tex. App. 2014). “Tex.Fin.Code Ann. § 349.001(a)(West 2006); Collins v.”

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