Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 345.155: TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT.

Where this section sits in the code

FINANCE CODE
TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
CHAPTER 345. RETAIL INSTALLMENT SALES
SUBCHAPTER D. ALTERNATE FINANCE CHARGE CEILING

(a) A time price differential authorized under Subchapter C shall be computed using the average daily balance method.

(b) If the amount of a time price differential otherwise authorized under Subchapter C for a billing cycle in which a balance is due is less than 75 cents a month, the holder may charge an amount that does not exceed 75 cents a month.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Amended by:

Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453), Sec. 7, eff. September 1, 2011.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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