Texas Finance Code
§ 353.103 — TIME PRICE DIFFERENTIAL FOR RETAIL INSTALLMENT CONTRACT
FI § 353.103Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES · Art. B. RETAIL INSTALLMENT CONTRACT
Statute text
View on source(a)A retail installment contract may provide for:
(1)any amount of time price differential permitted under Section 353.104, 353.105, or 353.106; or
(2)any rate of time price differential not exceeding a yield permitted under Section 353.104, 353.105, or 353.106.
(b)The time price differential may be computed using the:
(1)precomputed earnings method;
(2)scheduled installment earnings method; or
…
Legislative history
Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.