Tex. Fin. Code § 347.106 · Subchapter C. FINANCE CHARGE RATES AND ADJUSTMENTS
MANDATORY DECREASE; OPTIONAL INCREASE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If a computation under Section 347.104 results in a decrease, the creditor shall decrease the credit transaction's rate. If the creditor has agreed to impose periodic or aggregate limitations on rate adjustments that are smaller or more restrictive than the limitations prescribed by Section 347.105, those limitations apply to the decrease.
(b) A creditor may waive an increase that results from a computation under Section 347.104.
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 a0730747000b2bf5115c2cb4e0a1fd1c4734a50b11c2edd648d9166c7bacdcef
- 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
This section cites
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