Texas § FI.346.101 - MAXIMUM INTEREST RATE
Full text of Texas The Texas Constitution § FI.346.101 — MAXIMUM INTEREST RATE, with citation guidance and answers to common questions.
§ FI.346.101. MAXIMUM INTEREST RATE
MAXIMUM INTEREST RATE. (a) A revolving credit account may provide for interest on an account at an annual rate that does not exceed the greater of: (1) 18 percent a year; or (2) the applicable alternative rate ceiling under Chapter 303 . (b) A revolving credit account may provide for interest computed under a method other than the average daily balance method if the amount of interest computed under that method does not exceed the amount of interest computed under the average daily balance method. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 1348, Sec. 1, eff. Sept. 1, 1999; Acts 2003, 78th Leg., ch. 887, Sec. 2, eff. Sept. 1, 2003.
Frequently Asked Questions About Texas § FI.346.101
What does The Texas Constitution § FI.346.101 cover?
Section FI.346.101 ("MAXIMUM INTEREST RATE") 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.346.101?
A common citation format is "The Texas Constitution § FI.346.101" (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.346.101 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.