Texas § FI.347.109 - COMPUTATION OF FINANCE CHARGE FOR DISCLOSURE
Full text of Texas The Texas Constitution § FI.347.109 — COMPUTATION OF FINANCE CHARGE FOR DISCLOSURE, with citation guidance and answers to common questions.
§ FI.347.109. COMPUTATION OF FINANCE CHARGE FOR DISCLOSURE
COMPUTATION OF FINANCE CHARGE FOR DISCLOSURE. (a) This section applies only for purposes of disclosure. (b) The finance charge on a credit transaction is computed on the unpaid balance from the effective date of the transaction provided by the credit document until the payment date of the final installment, notwithstanding that the total of payments is required to be repaid in installments. (c) The finance charge on a credit transaction that includes an adjustable rate provision is computed on the amount financed using the initial contract rate. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.347.109
What does The Texas Constitution § FI.347.109 cover?
Section FI.347.109 ("COMPUTATION OF FINANCE CHARGE FOR DISCLOSURE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.347.109?
A common citation format is "The Texas Constitution § FI.347.109" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.347.109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.