Section 9.201 - General Effectiveness of Security Agreement(a) Except as otherwise provided by this title, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.(b) A transaction subject to this chapter is subject to any applicable rule of law that establishes a different rule for consumers and to: (1) Title 4, Finance Code; and(2) Subchapter E, Chapter 17.(c) In case of conflict between this chapter and a rule of law, statute, or regulation described in Subsection (b), the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in Subsection (b) has only the effect the statute or regulation specifies.(d) This chapter does not: (1) validate any rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in Subsection (b); or(2) extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.Tex. Bus. and Comm. Code § 9.201
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. 7/1/2001.