The maximum scheduled term of a loan made under this subchapter is:

1. (1) for a loan of $100 or less, the lesser of:

   1. (A) one month for each multiple of $10 of cash advance; or
   2. (B) six months; and
2. (2) for a loan of more than $100, one month for each multiple of $20 of cash advance.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.

Acts 2013, 83rd Leg., R.S., Ch. 784 (S.B. 1251), Sec. 5, eff. September 1, 2013.