Texas § 345.156 WHEN CHARGING OF TIME PRICE DIFFERENTIAL PROHIBITED.

Texas Statutes

§ 345.156 — WHEN CHARGING OF TIME PRICE DIFFERENTIAL PROHIBITED.

Texas § 345.156

Code FIFinance Code

This text of Texas § 345.156 (WHEN CHARGING OF TIME PRICE DIFFERENTIAL PROHIBITED.) 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. § 345.156 (2026).

Text

Sec. 345.156. WHEN CHARGING OF TIME PRICE DIFFERENTIAL PROHIBITED. A time price differential may not be charged for a billing cycle of a retail charge agreement that provides for a time price differential under this subchapter if:

(1)the payments received for the agreement and amounts credited during the billing cycle that are attributable to amounts included in the balance owed at the end of the preceding billing cycle equal or exceed the balance owed under the agreement at the end of the preceding billing cycle; or

(2)a balance is not owed at the end of the preceding billing cycle.

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Sec. 345.156. WHEN CHARGING OF TIME PRICE DIFFERENTIAL PROHIBITED. A time price differential may not be charged for a billing cycle of a retail charge agreement that provides for a time price differential under this subchapter if:
(1) the payments received for the agreement and amounts credited during the billing cycle that are attributable to amounts included in the balance owed at the end of the preceding billing cycle equal or exceed the balance owed under the agreement at the end of the preceding billing cycle; or
(2) a balance is not owed at the end of the preceding billing cycle.