A creditor may charge an interest rate or amount of time price differential that is lower than the rate or amount agreed to in the contract.
Tex. Fin. Code § 303.016
CHARGING OF RATE LOWER THAN AGREED RATE
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.