Legal Status


Debt Limits

Maximum Number of Outstanding Loans at One Time: Silent

Rollovers Permitted: Yes, but the loan must be converted to a declining balance installment loan. OR, it can be renewed forever as long it would not put the lendee over the statutory limit. 7 Tex. Ann. Code § 83.604

Cooling-off Period: Silent

Repayment Plan: Silent

Collection Limits

Collection Fees: This is a credit relationship and all fees may be obtained by collections process. 7 TAC § 83.604.