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(a) Except as otherwise fixed by law, the maximum rate of interest is 10 percent a year.
(b) A loan providing for a rate of interest that is 10 percent a year or less is not subject to this chapter.
(c) A loan described by Section 302.001(d) may provide for a delinquency charge as provided by that section without being subject to this chapter or any other provision of this subtitle.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 342.004. Constitutional Interest; Exemption for Loan With Interest Rate of 10 Percent or Less - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-342-004/
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