Texas Finance Code

§ 341.202 — REVISION OF CEILING OR BRACKET

FI § 341.202Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 341. GENERAL PROVISIONS · Art. C. REVISED CEILINGS AND BRACKETS

Statute text

View on source

(a)Each year the commissioner shall compute, in accordance with Section 341.203, the amount of each:

(1)ceiling on a cash advance regulated under this subtitle that is required to be revised; and

(2)bracket that establishes a range of cash advances or balances to which a maximum charge provided by this subtitle applies and that is required to be revised.

(b)The revised ceiling or bracket amount takes effect on July 1 of the year of its computation.

Legislative history

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