Texas § 346.101 MAXIMUM INTEREST RATE.

Texas Statutes

§ 346.101 — MAXIMUM INTEREST RATE.

Texas § 346.101

Code FIFinance Code

This text of Texas § 346.101 (MAXIMUM INTEREST RATE.) 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. § 346.101 (2026).

Text

Sec. 346.101. MAXIMUM INTEREST RATE.

(a)A revolving credit account may provide for interest on an account at an annual rate that does not exceed the greater of:

(1)18 percent a year; or

(2)the applicable alternative rate ceiling under Chapter 303 .

(b)A revolving credit account may provide for interest computed under a method other than the average daily balance method if the amount of interest computed under that method does not exceed the amount of interest computed under the average daily balance method.

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Sec. 346.101. MAXIMUM INTEREST RATE. (a) A revolving credit account may provide for interest on an account at an annual rate that does not exceed the greater of:
(1) 18 percent a year; or
(2) the applicable alternative rate ceiling under Chapter 303 .
(b) A revolving credit account may provide for interest computed under a method other than the average daily balance method if the amount of interest computed under that method does not exceed the amount of interest computed under the average daily balance method.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 1348, Sec. 1, eff. Sept. 1, 1999; Acts 2003, 78th Leg., ch. 887, Sec. 2, eff. Sept. 1, 2003.