Section 345.058 - Minimum Time Price Differential for Contract Notwithstanding Section 345.055, 345.056, or 345.057:
(1) a retail installment contract with an initial principal balance of $75 or more may provide for a minimum time price differential that does not exceed $12;(2) a retail installment contract with an initial principal balance of more than $25 and less than $75 may provide for a minimum time price differential that does not exceed $9; and(3) a retail installment contract with an initial principal balance of $25 or less may provide for a minimum time price differential that does not exceed $6. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.