Section 303.402 - Penalty for Violation of Chapter for Certain Contracts Subject to Subtitle B(a) A person who contracts for, charges, or receives under a contract subject to Chapter 342, 345, 346, 347, 348, or 353, including a contract for an open-end account, a rate or amount of interest or time price differential that exceeds the maximum applicable rate or amount authorized by the applicable chapter or this chapter is subject to a penalty for that violation determined under Chapter 349. (b) For a contract described by Subsection (a) that contains a rate or amount authorized under this chapter, the failure to perform a duty or comply with a prohibition provided by this chapter is subject to Chapter 349 as if this chapter were in Subtitle B.Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 159,Sec. 6, eff. 9/1/2023.Amended By Acts 2011, 82nd Leg., R.S., Ch. 117, Sec. 4, eff. 9/1/2011.Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. 9/1/1999.