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Tex. Finance Code § 345.155

TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 345.155, TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647403
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(a) A time price differential authorized under Subchapter C shall be computed using the average daily balance method. (b) If the amount of a time price differential otherwise authorized under Subchapter C for a billing cycle in which a balance is due is less than 75 cents a month, the holder may charge an amount that does not exceed 75 cents a month.