{"data":{"id":"us-tx/tex.-finance-code-347.108","jurisdiction":"us-tx","citation":"Tex. Finance Code § 347.108","heading":"PROHIBITION ON USE OF RATE ADJUSTMENT AND CERTAIN MORTGAGES.","body":"A credit transaction that provides for a rate adjustment under this subchapter may not permit the rate adjustment to be combined with a mortgage loan that has a term of five years or less or contain a provision that otherwise additionally allows the creditor to renegotiate, modify, or otherwise adjust the rate or term of the transaction within the 60-month period after the date of the transaction.\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#347.108","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"753df201b15175a26bddda23c9f9a4f5fa5e157c1a75477de852ae3294d02ba3","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-347.107","next":"us-tx/tex.-finance-code-347.109"},"notice":"GroundRules: Original legal text. Not legal advice."}