1. (a) Section 342.552 applies to a transaction:

   1. (1) that is made by a person who holds a license under Chapter 342;
   2. (2) that is subject to Chapter 342 or 346; and
   3. (3) the rate of which is authorized by this chapter.

2. (b) Subchapter L, Chapter 342, applies to a loan:

   1. (1) that is subject to Chapter 342; and
   2. (2) the rate of which is authorized by this chapter.

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.