A guide to Payday Loans in Texas, USA. 

What are the Citation (s) to Payday Loan or Small Loan Laws in Texas?
A: The relevant citation regarding Payday Loans in the Texas State Jurisdiction is 7 Tex. Admin. Code § 1.605; Tex. Fin. Code Ann. §§ 342.251 et seq. and 342.601 et seq.

Q: Are Payday Loans legal in Texas? 
A: Yes Payday Loans are legal in Texas. 

Q: What is the Maximum Cash Advance Loan Amount in Texas?
A: The maximum Cash Advance or Payday Loan amount is not specified. 

Q: What is the Maximum Payday Loan Term in Texas?
A: The Payday Loan Term in Texas is between 7-31 days. 

Q: What is the Maximum Fee for Cash Advance Loans in Texas?
A: The Maximum fee for Cash Advance Loans in Texas is $10 per loan + 48% annual interest. 



Q: What is the Finance charge for 14-day $100 payday loan in Texas State?
A: The Finance charge for 14-day $100 payday loan in Texas is $12. 

Q: What is the APR for 14-day $100 payday loan in Texas?
A: The APR charged for 14-day $100 payday loan in Texas is 309 percent. 

Q: Is there a limit on the number of payday loans I can take at one time? 
A: The number of payday loans you can take at one time is Not Specified, however the total amount owed to all lenders must not exceed $500. 

Q: How many times can the lender rollover my payday loan in Texas?
A: None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note)

Q: If I cannot repay my payday loan can the lender initiate a criminal action? 
A: It is not specified if the payday loan lender can initiate a criminal action if the borrower is unable to pay the loan. 

Q: Can I be charged a collection fee for a payday loan?
A: The collection fee is not specified. 

Contact the Department Of Financial Institutions

If you have questions about payday loans please contact the Texas Department of Financial Institutions at:

Texas Office of Consumer Credit Commissioner
Address: 2601 N. Lamar Blvd. Austin, TX 78705
Phone: (512) 936-7600
Fax: (512) 936-7610

Website: http://www.occc.state.tx.us/

Where can I find a payday loan store in Texas?

You can find the store nearest to your location by simply clicking on this link loc: Texas