Texas § IN.651.109 - LIMITATIONS ON RATES AND CHARGES
Full text of Texas The Texas Constitution § IN.651.109 — LIMITATIONS ON RATES AND CHARGES, with citation guidance and answers to common questions.
§ IN.651.109. LIMITATIONS ON RATES AND CHARGES
LIMITATIONS ON RATES AND CHARGES. (a) An insurance premium finance company may not take or receive from an insured a greater rate or charge than is authorized by Chapter 342 , Finance Code. (b) For purposes of this section, a charge begins on the earlier of: (1) the date from which the insurer requires payment of the premium and payment was made to the insurer for the financed policy; or (2) the effective date of the policy. (c) The finance charge is computed on the balance of the premiums due after subtracting any down payment made by the insured in accordance with the premium finance agreement. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.651.109
What does The Texas Constitution § IN.651.109 cover?
Section IN.651.109 ("LIMITATIONS ON RATES AND CHARGES") 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 § IN.651.109?
A common citation format is "The Texas Constitution § IN.651.109" (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 § IN.651.109 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.