PENALTY FOR VIOLATION OF CEILING IN CERTAIN CONTRACTS.
Tex. FIN Code § 303.403.
in effectA written contract, other than a contract to which Section 303.402 applies, that directly or indirectly provides for a rate that exceeds the rate authorized by this chapter and that is not otherwise authorized by law, is subject to the penalty prescribed by Chapter 305 .
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
