Tex. Fin. Code § 353.103 · Subchapter B. RETAIL INSTALLMENT CONTRACT

TIME PRICE DIFFERENTIAL FOR RETAIL INSTALLMENT CONTRACT.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

(a) A retail installment contract may provide for:

(1) any amount of time price differential permitted under Section 353.104, 353.105, or 353.106; or

(2) any rate of time price differential not exceeding a yield permitted under Section 353.104, 353.105, or 353.106.

(b) The time price differential may be computed using the:

(1) precomputed earnings method;

(2) scheduled installment earnings method; or

(3) true daily earnings method.

Notes and commentary — not statutory text

History

Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/FI/htm/FI.353.htm
Text hash: sha256 fa1ebe4717b60b049e9b6a8ca96921b931f53d94ef5a4501c767ab7994262fc0
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

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Finance Code

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