Tex. Fin. Code § 347.105 · Subchapter C. FINANCE CHARGE RATES AND ADJUSTMENTS
MAXIMUM RATE ADJUSTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The total of the rate adjustments for any six-month period may not exceed one-half of one percent a year.
(b) If the stated interval for rate adjustments is a 12-month period or longer, a rate adjustment may not exceed one percent a year.
(c) The total of all rate adjustments over the term of the credit transaction may not exceed the least of:
(1) one-half of the initial rate;
(2) eight percent; or
(3) a rate, expressed as a percentage, computed by dividing the term of the loan in years by two.
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.347.htm
- Text hash
- sha256 9bbc0f0507dd687597a58ada73ee78406706f5df7d45f7be9dad0ea954bef4ee
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 347.105. Each shows the citation as that text prints it.
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.