Tex. Fin. Code § 124.252

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 124.252 - Illegality of Loan Not A Bar to Enforcement or Collection

The illegality of a loan does not prevent enforcement of the loan agreement against or collection of the loan from a person who is otherwise liable on the loan, including:

(1) the borrower; or

(2) a guarantor or surety.

Tex. Fin. Code § 124.252

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.