Go to Previous Versions
of
this Section
2025 Texas Statutes
Finance Code
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 341 - General Provisions
Subchapter E. Prohibitions and Violations
Section 341.405. Penalty for Making Illegal Offer
Universal Citation:
TX Fin Code § 341.405 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Sec. 341.405. PENALTY FOR MAKING ILLEGAL OFFER. (a) A person commits an offense if the person violates Section 341.404. An offense under that section is a Class C misdemeanor.
(b) A person who violates Section 341.404:
(1) may be prosecuted for the offense; or
(2) may be held liable for:
(A) the penalties under Chapter 349; and
(B) civil penalties assessed by the consumer credit commissioner.
(c) A person is not subject to both prosecution and the penalties described by Subsection (b)(2).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Disclaimer: These codes may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
