Tex. Fin. Code § 303.004 · Subchapter A. RATE CEILINGS: APPLICABILITY, COMPUTATION, AND PUBLICATION
MONTHLY CEILING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The monthly ceiling may be used as an alternative to the weekly ceiling only for a contract that:
(1) provides for a variable rate, including a contract for an open-end account; and
(2) is not made for personal, family, or household use.
(b) A contract that provides for the use of the monthly ceiling may not provide for the use of another rate ceiling provided under this subchapter.
(c) If the parties agree that the rate may be adjusted monthly, they may agree that the rate from time to time in effect may not exceed the monthly ceiling from time to time in effect, and the monthly ceiling is the ceiling on those contracts.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.303.htm
- Text hash
- sha256 c4b313ef35408e8b773465a89d26d94c244dd26d05e8d939798ff6a1e0cdd623
- 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. Fin. Code § 303.004. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.