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

Tex. Finance Code § 347.106: MANDATORY DECREASE; OPTIONAL INCREASE.

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 347. MANUFACTURED HOME CREDIT TRANSACTIONS
SUBCHAPTER C. FINANCE CHARGE RATES AND ADJUSTMENTS

(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.

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

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

Browse this collection