yourstate.us
Home / Texas / Finance Code
Tex. Finance Code § 347.105

MAXIMUM RATE ADJUSTMENTS

Texas · Texas Finance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Finance Code § 347.105, MAXIMUM RATE ADJUSTMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647480
Permanent ID
ys:prov:647480@1
SHA-256
1189e7ac808f1db6a90bcbf40a4c1f330de7eb6b5fd9d58e9bec533993ebaf2c

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 total of the rate adjustments for any six-month period may not exceed one-half of one percent a year. (b) If the stated interval for rate adjustments is a 12-month period or longer, a rate adjustment may not exceed one percent a year. (c) The total of all rate adjustments over the term of the credit transaction may not exceed the least of: (1) one-half of the initial rate; (2) eight percent; or (3) a rate, expressed as a percentage, computed by dividing the term of the loan in years by two.