| (a) As an alternative to the maximum acquisition charge
specified in Texas Finance Code, §342.252(a) and §342.259(a)(1),
an authorized lender may collect an acquisition charge that does not
exceed the lesser of:
(1) 10% of the cash advance of the loan; or
(2) $100.
(b) Subsection (a) of this section does not apply to
a loan for which the cash advance is less than $30.
(c) For a Texas Finance Code, Chapter 342, Subchapter
F loan, an authorized lender may not contract for, charge, or collect
an acquisition charge more than once during a month to the same borrower
for that loan, any refinancing of that loan, or any new loan made
to the borrower within the same month.
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