Determination of Ceiling for Contract to Renew or Extend Debt Payment

Optional Rate Ceilings · Rate Ceilings: Applicability, Computation, and Publication

The rate ceiling for a contract to renew or extend the terms of payment of a debt is the ceiling in effect under this chapter when the contract for renewal or extension is made, regardless of when the debt is incurred.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source

Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.