Tex. Fin. Code § 347.109 · Subchapter C. FINANCE CHARGE RATES AND ADJUSTMENTS
COMPUTATION OF FINANCE CHARGE FOR DISCLOSURE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only for purposes of disclosure.
(b) The finance charge on a credit transaction is computed on the unpaid balance from the effective date of the transaction provided by the credit document until the payment date of the final installment, notwithstanding that the total of payments is required to be repaid in installments.
(c) The finance charge on a credit transaction that includes an adjustable rate provision is computed on the amount financed using the initial contract rate.
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 7e7496480a34f2ceab599e06405a377c1d72510d46d2047c8770b06dae585b3d
- 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.