Tex. Fin. Code § 342.305
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A secondary mortgage loan that includes precomputed interest and that is an irregular transaction may provide for additional interest for default using the true daily earnings method for the period from the maturity date of an installment until the date the installment is paid. The rate of the additional interest may not exceed the maximum contract interest rate.
Tex. Fin. Code § 342.305