{"data":{"id":"us-tx/tex.-finance-code-347.105","jurisdiction":"us-tx","citation":"Tex. Finance Code § 347.105","heading":"MAXIMUM RATE ADJUSTMENTS.","body":"(a) The total of the rate adjustments for any six-month period may not exceed one-half of one percent a year.\n(b) If the stated interval for rate adjustments is a 12-month period or longer, a rate adjustment may not exceed one percent a year.\n(c) The total of all rate adjustments over the term of the credit transaction may not exceed the least of:\n(1) one-half of the initial rate;\n(2) eight percent; or\n(3) a rate, expressed as a percentage, computed by dividing the term of the loan in years by two.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.347.htm#347.105","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"e9f0864ff37a470034da4c24948b95aa5c95be951bfdebac6f0b358437685c56","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-347.104","next":"us-tx/tex.-finance-code-347.106"},"notice":"GroundRules: Original legal text. Not legal advice."}