Tex. Fin. Code § 346.101 · Subchapter B. INTEREST CHARGE AND FEES
MAXIMUM INTEREST RATE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A revolving credit account may provide for interest on an account at an annual rate that does not exceed the greater of:
(1) 18 percent a year; or
(2) the applicable alternative rate ceiling under Chapter 303.
(b) A revolving credit account may provide for interest computed under a method other than the average daily balance method if the amount of interest computed under that method does not exceed the amount of interest computed under the average daily balance method.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 1348, Sec. 1, eff. Sept. 1, 1999; Acts 2003, 78th Leg., ch. 887, Sec. 2, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.346.htm
- Text hash
- sha256 d2ab929417aa0f004516f122d64793a3aabdd973f78b4ae1493b0aa72b8b2727
- 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.