Section 305.004 - Additional Liability for More Than Twice Authorized Rate of Legal Interest(a) In addition to the amount determined under Section 305.003, a creditor who charges and receives legal interest that is greater than twice the amount authorized by this subtitle is liable to the obligor for: (1) the principal amount on which the interest is charged and received; and(2) the interest and all other amounts charged and received.(b) This section applies only to a transaction subject to this subtitle.Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. 9/1/1999.