Tex. Const. art. XVI, § 11 · Article 16. GENERAL PROVISIONS
USURY; RATE OF INTEREST IN ABSENCE OF LEGISLATION.
Text — Current through the amendments approved by voters in November 2025
The Legislature shall have authority to define interest and fix maximum rates of interest; provided, however, in the absence of legislation fixing maximum rates of interest all contracts for a greater rate of interest than ten per centum (10%) per annum shall be deemed usurious; provided, further, that in contracts where no rate of interest is agreed upon, the rate shall not exceed six per centum (6%) per annum.
Notes and commentary — not constitutional text
History
(Feb. 15, 1876. Amended Aug. 11, 1891, Nov. 8, 1960, and Nov. 6, 2001.) (TEMPORARY TRANSITION PROVISION for Sec. 11: See Appendix, Note 3.)
Source of truth
- Edition
- Current through the amendments approved by voters in November 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/CN/htm/CN.16.htm
- Text hash
- sha256 72bfb7b3fa500d80e912fc2cbf4cc9783e8548c98cc6ba2039bd8f04de4ea8cd
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Const. art. XVI, § 11. Each shows the citation as that text prints it.
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