Tex. Fin. Code § 345.156 · Subchapter D. ALTERNATE FINANCE CHARGE CEILING
WHEN CHARGING OF TIME PRICE DIFFERENTIAL PROHIBITED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A time price differential may not be charged for a billing cycle of a retail charge agreement that provides for a time price differential under this subchapter if:
(1) the payments received for the agreement and amounts credited during the billing cycle that are attributable to amounts included in the balance owed at the end of the preceding billing cycle equal or exceed the balance owed under the agreement at the end of the preceding billing cycle; or
(2) a balance is not owed at the end of the preceding billing cycle.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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 98bc7e642daf6ef32953433f4a87429493e39ee8b06417848c674d979746bc3f
- 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.