Texas payday loan laws
Legal Status: Legal (Credit Access Businesses) Citation: 5 Tex. Fin. Code §§ 393 et seq., 4 Tex. Fin. Code §§ 342.004 Loan Terms: Maximum Loan Amount: Not specified Loan Term: Up to 180 days for CAB agreement Maximum Finance Rate and Fees: No cap on Credit Access Business fees. Lender interest capped at 10%. Finance Charge for 14-day $100 loan: No cap. Read more about Texas payday loan laws[…]