Rate Adjustment Index Base

Manufactured Home Credit Transactions · Finance Charge Rates and Adjustments

The index base for an adjustment of the interest rate or time price differential is set by the index value on the first day of the month in which the credit document is dated.

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.