Tex. Finance Code § 349.402
This is the official text of Tex. Finance Code § 349.402, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 349.402. LIMITATION PERIOD.
Official statutory text
(a) Except as provided by Subsection (b), an action under this chapter must be brought before the later of:
(1) the fourth anniversary of the date of the loan or retail installment transaction with respect to which the violation occurred; or
(2) the second anniversary of the date on which the violation occurred.
(b) An action under this chapter with respect to an open-end credit transaction must be brought before the second anniversary of the date on which the violation occurred.
(1) the fourth anniversary of the date of the loan or retail installment transaction with respect to which the violation occurred; or
(2) the second anniversary of the date on which the violation occurred.
(b) An action under this chapter with respect to an open-end credit transaction must be brought before the second anniversary of the date on which the violation occurred.
Status: in_force · Read it on the official government site
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