Tex. Finance Code § 124.252

This is the official text of Tex. Finance Code § 124.252, part of Texas’s Finance Code — regulates banks and other financial institutions.

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§ 124.252. ILLEGALITY OF LOAN NOT A BAR TO ENFORCEMENT OR COLLECTION.

Official statutory text

The illegality of a loan does not prevent enforcement of the loan agreement against or collection of the loan from a person who is otherwise liable on the loan, including:

(1) the borrower; or

(2) a guarantor or surety.

Status: in_force · Read it on the official government site

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