Texas Statutes
§ 124.002 — LIMITATIONS ON INTEREST RATES.
Texas § 124.002
JurisdictionTexas
Code FIFinance Code
This text of Texas § 124.002 (LIMITATIONS ON INTEREST RATES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 124.002 (2026).
Text
Sec. 124.002. LIMITATIONS ON INTEREST RATES. The interest rate on a loan to a member may not exceed:
(1)1-1/2 percent per month on the unpaid balance;
(2)28 percent a year to the extent that federal credit unions are permitted to charge that rate; or
(3)a higher rate authorized by law, including a rate authorized by Chapter 303 .
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Related
Untitled Texas Attorney General Opinion
(Texas Attorney General Reports, 2011)
Opinion No.
(Texas Attorney General Reports, 2011)
Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 19 (S.B. 244 ), Sec. 16, eff. September 1, 2013.
Nearby Sections
15
§ 124.001
AUTHORIZATION.§ 124.002
LIMITATIONS ON INTEREST RATES.§ 124.003
LIMITATIONS ON LOANS.§ 124.004
WRITTEN INSTRUMENT REQUIRED.§ 124.005
APPLICABILITY OF OTHER LAW.§ 124.051
OPEN-END CREDIT PLAN.§ 124.052
LINE OF CREDIT.§ 124.101
BORROWER PAYMENT OF LOAN EXPENSES.§ 124.102
COLLECTION OF LOAN EXPENSES.§ 124.103
CHARACTER OF EXPENSE OR FEE.§ 124.151
PREPAYMENT PRIVILEGE.§ 124.153
PENALTY FOR LATE PAYMENT.§ 124.201
AUTHORIZATION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 124.002, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/124.002.