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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 345.156. When Charging of Time Price Differential Prohibited - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-345-156/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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