Please read this disclaimer carefully before using Snap Loans Cash. It explains what our service is, what it is not, and the Texas rules that apply to payday loans for Plano borrowers.
We are a connection service, not a lender
Snap Loans Cash does not lend money, make credit decisions, or charge you any fee. We are a loan-connection service that may match your request with third-party lenders and credit access businesses licensed to operate in Texas. Any loan you receive comes from an independent lender, on that lender’s terms, which you should read in full before you accept.
Texas payday loan rules
Payday loans in Texas are arranged through a credit access business (CAB) under the Texas Finance Code (Ch. 393 and Ch. 342). Under Texas law:
- A CAB arranges the loan from a third-party lender and charges its own separate fee on top of the lender’s interest.
- Texas sets no statewide cap on the CAB fee or the APR.
- There is no statewide dollar limit on the loan amount.
- Terms typically run from about 7 to 180 days.
- CABs must be licensed by the OCCC, post a fee schedule, and give you written disclosures before you sign.
Cost example
A $500 payday loan for about two weeks commonly costs $110–$125 in combined lender interest and CAB fee — an effective APR of roughly 560%–660%. These are typical market figures, not a legal maximum: because Texas does not cap the cost, your actual cost depends entirely on the CAB and lender. Payday loans are short-term, very high-cost credit and are not intended for long-term needs. Please consider lower-cost alternatives first.
Local ordinances
Some Texas cities have adopted their own payday-lending ordinances that add borrower protections beyond state law — for example, tying the loan amount to a share of your income, or limiting rollovers and installments. We do not state which local rules apply to any given borrower. Check with the City of Plano and confirm the terms with your lender before you sign.
Regulator and complaints
Texas credit access businesses are licensed and regulated by the Texas Office of Consumer Credit Commissioner (OCCC). Rules on this page were verified on July 15, 2026 and may change; always confirm current terms with your lender and the regulator.