Tex. Fin. Code § 306.007

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 306.007 - Guaranty, Assumption, Payment, or Other Agreement

With respect to a commercial loan, an obligor may be required to assume, pay, or provide a guaranty of another person's existing or future obligation as a condition of the obligor's own use, forbearance, or detention of money. The amount of the other person's obligation required to be assumed, paid, or guaranteed does not constitute interest with respect to any obligation of the obligor.

Tex. Fin. Code § 306.007

Added by Acts 2005, 79th Leg., Ch. 1018, Sec. 2.14, eff. 9/1/2005.