Texas Finance Code

§ 303.010 — COMPUTATION OF CEILING IF INFORMATION UNAVAILABLE

FI § 303.010Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part A. INTEREST · Ch. 303. OPTIONAL RATE CEILINGS · Art. A. RATE CEILINGS: APPLICABILITY, COMPUTATION, AND PUBLICATION

Statute text

View on source

If any of the information required to compute a ceiling is discontinued or is otherwise not available to the consumer credit commissioner from the Federal Reserve Board in the time required for the computation, the ceiling last computed remains in effect until the information becomes available and a new ceiling is computed from the obtained information.

Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.