Tex. Fin. Code § 345.155 · Subchapter D. ALTERNATE FINANCE CHARGE CEILING
TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A time price differential authorized under Subchapter C shall be computed using the average daily balance method.
(b) If the amount of a time price differential otherwise authorized under Subchapter C for a billing cycle in which a balance is due is less than 75 cents a month, the holder may charge an amount that does not exceed 75 cents a month.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453), Sec. 7, eff. September 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.345.htm
- Text hash
- sha256 94525213957a8ca568ee918fd02a61fbcb8d544dc44d210447c534ed45c00ca5
- 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
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.