Tex. Fin. Code § 342.202
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A loan contract that exceeds the maximum cash advance under Section 342.251 and that is payable in a single installment may provide for an interest charge on the cash advance that does not exceed a rate or amount that would produce the same effective return, determined as a true daily earnings rate, as allowed under Section 342.201 considering the amount and term of the loan. If a loan under this section is prepaid in full, the lender may earn a minimum interest charge of $25.
Tex. Fin. Code § 342.202