Texas Finance Code

§ 346.103 — FEES

FI § 346.103Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 346. REVOLVING CREDIT ACCOUNTS · Art. B. INTEREST CHARGE AND FEES

Statute text

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(a)The following fees may be charged to or collected from a customer in connection with an account under this chapter:

(1)an annual fee not to exceed:

(A)$50 a year on an account with a credit limit of $5,000 or less;

(B)$75 a year on an account with a credit limit exceeding $5,000 but not exceeding $25,000; and

(C)$125 a year on an account with a credit limit exceeding $25,000;

(2)a late charge not to exceed the lesser of $15 or five percent of the payment due after the payment continues unpaid for 10 days or more after the date the payment is due, including Sundays and holidays;

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Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453), Sec. 9, eff. September 1, 2011.