Section 305.002 - Additional Liability for More Than Twice Authorized Rate of Interest(a) In addition to the amount determined under Section 305.001, a creditor who charges and receives interest that is greater than twice the amount authorized by this subtitle is liable to the obligor for:(1) the principal amount on which the interest is charged and received; and(2) the interest and all other amounts charged and received.(b) This section applies only to a contract or transaction for personal, family, or household use subject to this subtitle.Amended By Acts 2005, 79th Leg., Ch. 1018, Sec. 2.06, eff. 9/1/2005.Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. 9/1/1999.