Texas § 347.105 MAXIMUM RATE ADJUSTMENTS.

Texas Statutes

§ 347.105 — MAXIMUM RATE ADJUSTMENTS.

Texas § 347.105

Code FIFinance Code

This text of Texas § 347.105 (MAXIMUM RATE ADJUSTMENTS.) 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. § 347.105 (2026).

Text

Sec. 347.105. MAXIMUM RATE ADJUSTMENTS.

(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.

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Sec. 347.105. MAXIMUM RATE ADJUSTMENTS. (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.