Texas Finance Code

§ 303.016 — CHARGING OF RATE LOWER THAN AGREED RATE

FI § 303.016Title 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

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A creditor may charge an interest rate or amount of time price differential that is lower than the rate or amount agreed to in the contract.

Legislative history

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