
			<p>(a) Instead of the charges authorized by &sect;342.201, a loan contract may provide for:</p>

			<p>(1) on a cash advance of less than $30, an acquisition charge that is not more than $1 for each $5 of the cash advance;</p>

			<p>(2) on a cash advance equal to or more than $30 but not more than $100: (A) an acquisition charge that is not more than the amount equal to one-tenth of the amount of the cash advance; and (B) an installment account handling charge that is not more than: (i) $3 a month if the cash advance is not more than $35; (ii) $3.50 a month if the cash advance is more than $35 but not more than $70; or (iii) $4 a month if the cash advance is more than $70; or (3) on a cash advance of more than $100: (A) an acquisition charge that is not more than $10; and (B) an installment account handling charge that is not more than the ratio of $4 a month for each $100 of cash advance.</p>

			<p>&nbsp;</p>

			<p>(b) For an acquisition charge authorized by this subchapter, the finance commission by rule may prescribe a reasonable maximum amount for an acquisition charge that is greater than the maximum amount authorized by the applicable section of this subchapter for the amount of the cash advance.</p>

			<p>&nbsp;</p>

			<p>(c) An acquisition charge under this subchapter is not interest.</p>

			<hr />
			<p>A loan contract to which &sect;342.251 applies and that is payable in a single installment may provide for an acquisition charge and an interest charge on the cash advance that does not exceed a rate or amount that would produce the same effective return, determined as a true daily earnings rate, as allowed under &sect;342.252 considering the amount and term of the loan. If a loan that has a term in excess of one month under this section is prepaid in full, the lender may earn a minimum of the acquisition charge and interest charge for one month. If a loan under this section has an initial term of less than one month, the lender may earn a minimum of the acquisition charge and an interest charge that produces the same effective return as the installment account handling charge computed at a daily rate for the term the loan is outstanding.</p>

			<hr />
			<p>(a) Instead of the charges authorized by &sect;&sect;342.201 and 342.252, a loan made under this subchapter with a maximum cash advance computed under Subchapter C, Chapter 341, using a reference base amount that is more than $100 but not more than $200, may provide for: (1) an acquisition charge that is not more than $10; and (2) an installment account handling charge that is not more than the ratio of $4 a month for each $100 of cash advance.</p>

			<p>&nbsp;</p>

			<p>(b) An acquisition charge under this section is considered to be earned at the time a loan is made and is not subject to refund. On the prepayment of a loan that is subject to this section, the installment account handling charge is subject to refund in accordance with Subchapter H.</p>

			<p>&nbsp;</p>

			<p>(c) Except as provided by this section, provisions of this chapter applicable to a loan that is subject to &sect;342.252 also apply to a loan that is subject to this section.</p>

			<hr />
			<p>(a) A loan contract under this subchapter may provide for an interest charge computed using the true daily earnings method or the scheduled installment earnings method that does not exceed the equivalent rate or effective return of the installment account handling charge for the original scheduled term of the loan.</p>

			<p>&nbsp;</p>

			<p>(b) The principal balance of a loan contract authorized by this section may not include the acquisition charge, installment account handling charge, default charges, or deferment charges or the return check fees authorized by &sect;3.506, Business &amp; Commerce Code.</p>

			<p>&nbsp;</p>

			<p>(c) Interest may accrue on the principal balance from time to time unpaid at the rate provided for by the contract until the date of payment in full or demand for payment in full.</p>
			