Tex. Fin. Code § 303.014 · Subchapter A. RATE CEILINGS: APPLICABILITY, COMPUTATION, AND PUBLICATION
RATE FOR LENDER CREDIT CARD AGREEMENT WITH MERCHANT DISCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
On an amount owed for a credit card transaction under a lender credit card agreement that imposes or allows the creditor to receive a merchant discount, the creditor may not contract for, charge, or receive:
(1) a rate that exceeds the ceiling provided under Section 303.006(c); or
(2) a fee or charge that:
(A) is not allowed under Chapter 346; or
(B) exceeds the amount allowed under Chapter 346.
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 f476a2a3fedb6e375434b5c65209484891eeb05041e6ae6ba3f1088cb34f9fbd
- 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
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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.