SECTION 83.601. Authorized Charges  


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  • (a) An authorized lender may contract for, charge, or collect on a loan made pursuant to Texas Finance Code, Chapter 342, Subchapter F:

    (1) an acquisition charge;

    (2) an installment account handling charge;

    (3) a default charge;

    (4) a deferment charge;

    (5) a processing fee for the return of a dishonored check pursuant to Texas Business and Commerce Code, §3.506; and

    (6) interest after maturity.

    (b) No other charges are authorized in connection with a Subchapter F loan.

Source Note: The provisions of this §83.601 adopted to be effective November 9, 2006, 31 TexReg 8992; amended to be effective July 10, 2014, 39 TexReg 5142