Tex. Fin. Code § 303.014

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 303.014 - Rate for Lender Credit Card Agreement With Merchant Discount

On an amount owed for a credit card transaction under a lender credit card agreement that imposes or allows the creditor to receive a merchant discount, the creditor may not contract for, charge, or receive:

(1) a rate that exceeds the ceiling provided under Section 303.006(c); or

(2) a fee or charge that:

(A) is not allowed under Chapter 346; or

(B) exceeds the amount allowed under Chapter 346.

Tex. Fin. Code § 303.014

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. 9/1/1999.