Tex. Fin. Code § 346.203 · Subchapter C. CREDITOR'S DUTIES AND AUTHORITY
MORE THAN ONE REVOLVING CREDIT ACCOUNT AUTHORIZED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On a customer's request, a creditor may enter into more than one revolving credit account with the customer and may charge interest on each account.
(b) A creditor may not require that a customer enter into more than one revolving credit account for the purpose of collecting interest at a rate greater than the rate authorized by law.
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.346.htm
- Text hash
- sha256 fccb2ca09aa7aaaafc3d1e5d8f3859bf308a32e6c1a48a0ddfbb9b23e06d9040
- 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.