A creditor may charge an interest rate or amount of time price differential that is lower than the rate or amount agreed to in the contract.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 4 › Chapter 303 › Subchapter A
Texas Finance Code § 303.016
Charging of Rate Lower Than Agreed Rate
Optional Rate Ceilings · Rate Ceilings: Applicability, Computation, and Publication
Legislative history
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.