Sec. 350.001.  APPLICABILITY.  (a)  This chapter applies to a person who extends credit primarily for personal, family, or household use and not for a business, commercial, investment, or agricultural purpose.  For the purposes of this chapter, credit means the right granted to a debtor to defer payment of debt or to incur debt and defer its payment.  A creditor is subject to this chapter if the creditor charges a finance charge or extends credit payable in one or more installments.
(b)  This chapter does not apply to a person who is:
(1)  licensed or registered under this title or Title 3; or
(2)  exempt from licensing or registration under this title.
Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 1.04, eff. September 1, 2005.