Tex. Fin. Code § 345.156

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

Section 345.156 - When Charging of Time Price Differential Prohibited

A time price differential may not be charged for a billing cycle of a retail charge agreement that provides for a time price differential under this subchapter if:

(1) the payments received for the agreement and amounts credited during the billing cycle that are attributable to amounts included in the balance owed at the end of the preceding billing cycle equal or exceed the balance owed under the agreement at the end of the preceding billing cycle; or

(2) a balance is not owed at the end of the preceding billing cycle.

Tex. Fin. Code § 345.156

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.