Tex. Finance Code § 347.104
AMOUNT OF RATE ADJUSTMENT
Texas · Texas Finance Code · Status: effective
Cite this
- Citation
- Tex. Finance Code § 347.104, AMOUNT OF RATE ADJUSTMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647479
- Permanent ID
ys:prov:647479@1- SHA-256
af7db335eaccc660da6dc5a5f682ec7594745d5472cd1e07a1b93077e250d380
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The amount of a rate adjustment is computed by subtracting the index base or, for a change after the initial change, the index value used for the preceding rate adjustment from the index value on the first day of a month that precedes the 50th day before the date on which the adjustment is to take effect. The amount is applied to the rate applicable to the credit transaction.
(b) The rate in a credit transaction may be adjusted only if the adjustment results in a change of at least one-eighth of one percent a year.