Finance Code › Title 4 › Chapter 346 › Subchapter C

Texas Finance Code § 346.203

More Than One Revolving Credit Account Authorized

Revolving Credit Accounts · Creditor's Duties and Authority

(a) On a customer's request, a creditor may enter into more than one revolving credit account with the customer and may charge interest on each account.

(b) A creditor may not require that a customer enter into more than one revolving credit account for the purpose of collecting interest at a rate greater than the rate authorized by law.

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

Official source
Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.