reglab/housing_qa huggingface dataset:
TX Fin Code § 278.051 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 278 - Regulation of Currency Transmissions|Subchapter B. Currency Transmission Disclosures|Section 278.051. Disclosures With Transaction

Sec. 278.051.  DISCLOSURES WITH TRANSACTION.  (a)  Other than in a telephonic transaction conducted on a telephone that is not designated for use in currency transmission transactions by a currency transmission business, at the time of a currency transmission transaction to another country the currency transmission business shall provide a receipt to the customer.  The receipt must:(1)  clearly state the amount of currency presented for transmission and any fees charged by the currency transmission business;  and(2)  provide a toll-free telephone number or a local number that a customer can access at no charge to receive information about a currency transmission.(b)  If the rate of exchange for a currency transmission to be paid in the currency of another country is fixed by the currency transmission business for a transaction at the time the currency transmission is initiated, the receipt must also disclose:(1)  the rate of exchange for that transaction;(2)  the amount to be paid in the foreign currency;  and(3)  the period, if any, in which the payment must be made in order to qualify for the fixed rate of exchange.(c)  If the rate of exchange for a currency transmission to be paid in the currency of another country is not fixed at the time the currency transmission is initiated, the receipt must also disclose that the rate of exchange for the transaction will be set at the time the recipient of the currency transmission receives the funds in the foreign country.(d)  If the customer requests, the currency transmission business must provide the required disclosures before completing the transaction.|Added by Acts 2003, 78th Leg., ch. 1001, Sec. 7, eff. Sept. 1, 2003.|
TX Fin Code § 278.052 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 278 - Regulation of Currency Transmissions|Subchapter B. Currency Transmission Disclosures|Section 278.052. Cancellation and Refund of Transaction

Sec. 278.052.  CANCELLATION AND REFUND OF TRANSACTION.  (a)  Except as provided by Subsection (c), on receiving the transaction receipt required under Section 278.051, a customer may cancel the currency transaction:(1)  before leaving the premises of the currency transmission business;  and(2)  not later than 30 minutes after the time at which the currency transmission was initiated.(b)  If the customer cancels the transaction, the currency transmission business shall immediately refund to the customer the fees paid and currency to be transmitted.(c)  A customer may not cancel a transaction after the recipient of the currency transmission has received the currency or its equivalent.|Added by Acts 2003, 78th Leg., ch. 1001, Sec. 7, eff. Sept. 1, 2003.|
TX Fin Code § 278.101 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 278 - Regulation of Currency Transmissions|Subchapter C. Enforcement|Section 278.101. Civil Penalty

Sec. 278.101.  CIVIL PENALTY.  (a)  A person who knowingly violates this chapter is liable to the state for a civil penalty in an amount not to exceed $1,000 for each violation.  The attorney general or the prosecuting attorney in the county in which the violation occurs may bring:(1)  a suit to recover the civil penalty imposed under this section;  and(2)  an action in the name of the state to restrain or enjoin a person from violating this chapter.(b)  The attorney general or the prosecuting attorney in the county in which the violation occurs, as appropriate, is entitled to recover reasonable expenses incurred in obtaining injunctive relief, civil penalties, or both, under this section, including reasonable attorney's fees, court costs, and investigatory costs.|Added by Acts 2003, 78th Leg., ch. 1001, Sec. 7, eff. Sept. 1, 2003.|
TX Fin Code § 279.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter A. General Provisions|Section 279.001. Definitions

Sec. 279.001.  DEFINITIONS.  In this chapter:(1)  "Credit union" means a state or federal credit union.(2)  "Finance commission" means the Finance Commission of Texas.(3)  "Financial institution" means a state or national bank, a state or federal savings bank, or a state or federal savings and loan association.(4)  "Local government" means a municipality or county.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.051 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter B. Banking Development Districts|Section 279.051. Administration of Program

Sec. 279.051.  ADMINISTRATION OF PROGRAM.  The finance commission shall administer and monitor a banking development district program under this chapter to encourage the establishment of branches of a financial institution in geographic areas where there is a demonstrated need for banking services.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.052 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter B. Banking Development Districts|Section 279.052. Rules

Sec. 279.052.  RULES.  (a)  Subject to Subsection (b), the finance commission shall adopt rules to implement this subchapter and Subchapter D with respect to financial institutions in banking development districts.(b)  The finance commission, in consultation with the Texas Economic Development and Tourism Office, shall adopt rules regarding the criteria for the designation of banking development districts under this subchapter.  The rules must require the finance commission to consider:(1)  the location, number, and proximity of sites where banking services are available in the proposed banking development district;(2)  consumer needs for banking services in the proposed district;(3)  the economic viability and local credit needs of the community in the proposed district;(4)  the existing commercial development in the proposed district;  and(5)  the impact additional banking services would have on potential economic development in the proposed district.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.053 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter B. Banking Development Districts|Section 279.053. Application for Designation of Banking Development District

Sec. 279.053.  APPLICATION FOR DESIGNATION OF BANKING DEVELOPMENT DISTRICT.  A local government, in conjunction with a financial institution, may submit an application to the finance commission for the designation of a banking development district.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.054 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter B. Banking Development Districts|Section 279.054. Application by Financial Institution to Open Branch in District

Sec. 279.054.  APPLICATION BY FINANCIAL INSTITUTION TO OPEN BRANCH IN DISTRICT.  A financial institution may apply to open a branch in the proposed banking development district at the time the local government submits an application in conjunction with the institution under Section 279.053.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.055 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter B. Banking Development Districts|Section 279.055. Determination by Finance Commission

Sec. 279.055.  DETERMINATION BY FINANCE COMMISSION.  (a)  Not later than the 120th day after the date an application for the designation of a banking development district is submitted under Section 279.053, the finance commission shall make a determination regarding whether to approve the application.(b)  If the finance commission approves the application, the finance commission shall notify the:(1)  local government;(2)  financial institution;(3)  comptroller;(4)  Texas Economic Development and Tourism Office;(5)  lieutenant governor; and(6)  speaker of the house of representatives.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.101 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter C. Credit Union Development Districts|Section 279.101. Administration of Program

Sec. 279.101.  ADMINISTRATION OF PROGRAM.  The Credit Union Commission shall administer and monitor a credit union development district program under this chapter to encourage the establishment of branches of a credit union in geographic areas where there is a demonstrated need for services provided by a credit union.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.102 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter C. Credit Union Development Districts|Section 279.102. Rules

Sec. 279.102.  RULES.  (a)  Subject to Subsection (b), the Credit Union Commission shall adopt rules to implement this subchapter and Subchapter D with respect to credit unions in credit union development districts.(b)  The Credit Union Commission, in consultation with the Texas Economic Development and Tourism Office, shall adopt rules regarding the criteria for the designation of credit union development districts under this subchapter.  The rules must require the Credit Union Commission to consider:(1)  the location, number, and proximity of sites where services provided by a credit union are available in the proposed credit union development district;(2)  consumer needs for services provided by a credit union in the proposed district;(3)  the economic viability and local credit needs of the community in the proposed district;(4)  the existing commercial development in the proposed district; and(5)  the impact additional services provided by a credit union would have on potential economic development in the proposed district.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.103 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter C. Credit Union Development Districts|Section 279.103. Application for Designation of Credit Union Development District

Sec. 279.103.  APPLICATION FOR DESIGNATION OF CREDIT UNION DEVELOPMENT DISTRICT.  A local government, in conjunction with a credit union, may submit an application to the Credit Union Commission for the designation of a credit union development district.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.104 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter C. Credit Union Development Districts|Section 279.104. Application by Credit Union to Open Branch in District

Sec. 279.104.  APPLICATION BY CREDIT UNION TO OPEN BRANCH IN DISTRICT.  A credit union may apply to open a branch in the proposed credit union development district at the time the local government submits an application in conjunction with the credit union under Section 279.103.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.105 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter C. Credit Union Development Districts|Section 279.105. Determination by Credit Union Commission

Sec. 279.105.  DETERMINATION BY CREDIT UNION COMMISSION.  (a)  Not later than the 120th day after the date an application for the designation of a credit union development district is submitted under Section 279.103, the Credit Union Commission shall make a determination regarding whether to approve the application.(b)  If the Credit Union Commission approves the application, the Credit Union Commission shall notify the:(1)  local government;(2)  credit union;(3)  comptroller;(4)  Texas Economic Development and Tourism Office;(5)  lieutenant governor; and(6)  speaker of the house of representatives.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.151 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter D. Deposit of Public Funds in District Depository|Section 279.151. Designation of District Depository

Sec. 279.151.  DESIGNATION OF DISTRICT DEPOSITORY.  (a)  The governing body of a local government in which a banking development district has been designated under Subchapter B may by resolution designate a financial institution located in the district as a banking district depository for purposes of this subchapter.(b)  The governing body of a local government in which a credit union development district has been designated under Subchapter C may by resolution designate a credit union located in the district as a credit union district depository for purposes of this subchapter.(c)  A resolution adopted under Subsection (a) or (b) must specify the maximum amount that may be kept on deposit with the banking district or credit union district depository, as appropriate.(d)  In calculating the yield under Section 2256.006, Government Code, of public funds deposited in a banking district or credit union district depository, the governing body of a local government may consider the benefit to this state of stimulating economic development.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.152 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter D. Deposit of Public Funds in District Depository|Section 279.152. Deposit of Public Funds by Local Government

Sec. 279.152.  DEPOSIT OF PUBLIC FUNDS BY LOCAL GOVERNMENT.  (a)  A local government may deposit public funds with a financial institution designated as a banking district depository or a credit union designated as a credit union district depository under Section 279.151 regardless of whether the financial institution or credit union is designated by the comptroller as a state depository under Subchapter C, Chapter 404, Government Code.(b)  Subject to an agreement between the governing body and the banking district or credit union district depository, public funds deposited in the district depository may earn a fixed interest rate that is at or below the financial institution's or credit union's posted two-year certificate of deposit rate, as appropriate.  The terms of the agreement must be specified in the applicable resolution adopted under Section 279.151.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 279.153 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 279 - Banking and Credit Union Development Districts|Subchapter D. Deposit of Public Funds in District Depository|Section 279.153. Deposit of Public Funds by State

Sec. 279.153.  DEPOSIT OF PUBLIC FUNDS BY STATE.  (a)  If the comptroller designates the financial institution as a state depository under Subchapter C, Chapter 404, Government Code, the comptroller may deposit public funds with a financial institution designated as a banking district depository under Section 279.151(a).(b)  If the comptroller designates the credit union as a state depository under Subchapter C, Chapter 404, Government Code, the comptroller may deposit public funds with a credit union designated as a credit union district depository under Section 279.151(b).(c)  For purposes of Subsections (a) and (b), a financial institution or credit union is subject to the collateral requirements of Section 404.031, Government Code.(d)  Subject to an agreement between the comptroller and the banking district or credit union district depository, public funds deposited in the district depository may earn a fixed interest rate that is at or below the financial institution's or credit union's posted two-year certificate of deposit rate, as appropriate.(e)  In calculating the yield under Section 2256.006, Government Code, of public funds deposited in a banking district or credit union district depository, the comptroller may consider the benefit to this state of stimulating economic development.|Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626), Sec. 1, eff. September 1, 2015.|
TX Fin Code § 302.001 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 302 - Interest Rates|Subchapter A. Usurious Interest|Section 302.001. Contracting For, Charging, or Receiving Interest or Time Price Differential; Usurious Interest

Sec. 302.001.  CONTRACTING FOR, CHARGING, OR RECEIVING INTEREST OR TIME PRICE DIFFERENTIAL;  USURIOUS INTEREST.  (a)  A creditor may contract for, charge, and receive from an obligor interest or time price differential.(b)  The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law.  A greater rate of interest than 10 percent a year is usurious unless otherwise provided by law.  All contracts for usurious interest are contrary to public policy and subject to the appropriate penalty prescribed by Chapter 305.(c)  To determine the interest rate of a loan under this subtitle, all interest at any time contracted for shall be aggregated and amortized using the actuarial method during the stated term of the loan.(d)  In addition to interest authorized by Subsection (b), a loan providing for a rate of interest that is 10 percent a year or less may provide for a delinquency charge on the amount of any payment in default for a period of not less than 10 days in an amount not to exceed the greater of five percent of the amount of the payment or $7.50.  The charging of the delinquency charge does not make the loan subject to Chapter 342 or any other provision of Subtitle B.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999;  Acts 2001, 77th Leg., ch. 916, Sec. 8, eff. Sept. 1, 2001.|
TX Fin Code § 302.002 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 302 - Interest Rates|Subchapter A. Usurious Interest|Section 302.002. Accrual of Interest When No Rate Specified

Sec. 302.002.  ACCRUAL OF INTEREST WHEN NO RATE SPECIFIED.  If a creditor has not agreed with an obligor to charge the obligor any interest, the creditor may charge and receive from the obligor legal interest at the rate of six percent a year on the principal amount of the credit extended beginning on the 30th day after the date on which the amount is due.  If an obligor has agreed to pay to a creditor any compensation that constitutes interest, the obligor is considered to have agreed on the rate produced by the amount of that interest, regardless of whether that rate is stated in the agreement.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 302.101 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 302 - Interest Rates|Subchapter B. Other Rates and Provisions on Loans Secured by Real Property|Section 302.101. Determining Rates of Interest by Spreading

Sec. 302.101.  DETERMINING RATES OF INTEREST BY SPREADING.  (a)  To determine whether a loan secured in any part by an interest in real property, including a lien, mortgage, or security interest, is usurious, the interest rate is computed by amortizing or spreading, using the actuarial method during the stated term of the loan, all interest at any time contracted for, charged, or received in connection with the loan.(b)  If a loan described by Subsection (a) is paid in full before the end of the stated term of the loan and the amount of interest received for the period that the loan exists exceeds the amount that produces the maximum rate authorized by law for that period, the lender shall:(1)  refund the amount of the excess to the borrower;  or(2)  credit the amount of the excess against amounts owing under the loan.(c)  A lender who complies with Subsection (b) is not subject to any of the penalties provided by law for contracting for, charging, or receiving interest in excess of the maximum rate authorized.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 302.102 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 302 - Interest Rates|Subchapter B. Other Rates and Provisions on Loans Secured by Real Property|Section 302.102. Prohibition on Prepayment Penalty

Sec. 302.102.  PROHIBITION ON PREPAYMENT PENALTY.  If the interest rate on a loan for property that is or is to be the residential homestead of the borrower is greater than 12 percent a year, a prepayment penalty may not be collected on the loan unless the penalty is required by an agency created by federal law.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 909, Sec. 2.02, eff. Sept. 1, 1999.|Sec. 302.103.  EFFECT OF FEDERAL PREEMPTION ON LATE CHARGES.  On loans subject to 12 U.S.C. Sections 1735f-7 and 1735f-7a, as amended, any late charges assessed are interest that is included in computing the amount or rate of interest on the loan and, therefore, covered by the federal preemption of state interest rate limitations.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|