Tex. Fin. Code Section 346.005
Application of Other Code Provisions

(a)

A revolving credit account is subject to Chapters 303 (Optional Rate Ceilings) and 349 (Penalties and Liabilities) but is not subject to another chapter of this title unless specifically provided by this chapter.

(b)

A creditor in a revolving credit account under this chapter for personal, family, or household use must hold a license under Chapter 342 (Consumer Loans), unless the person is not required to obtain a license under Section 342.051 (License Required).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 887, Sec. 1, eff. Sept. 1, 2003.

Source: Section 346.005 — Application of Other Code Provisions, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­346.­htm#346.­005 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 346.005’s source at texas​.gov