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Tex. Fin. Code § 345.155

TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

(a) A time price differential authorized under Subchapter C shall be computed using the average daily balance method.

(b) If the amount of a time price differential otherwise authorized under Subchapter C for a billing cycle in which a balance is due is less than 75 cents a month, the holder may charge an amount that does not exceed 75 cents a month.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.