Texas § 345.155 TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT.

Texas Statutes

§ 345.155 — TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT.

Texas § 345.155

Code FIFinance Code

This text of Texas § 345.155 (TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT.) 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. § 345.155 (2026).

Text

Sec. 345.155. TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT.

(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.

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Sec. 345.155. TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT. (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.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453 ), Sec. 7, eff. September 1, 2011.