Tex. Finance Code § 345.057
This is the official text of Tex. Finance Code § 345.057, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 345.057. TIME PRICE DIFFERENTIAL FOR OTHER CONTRACTS.
Official statutory text
A retail installment contract that is payable other than in substantially equal successive monthly payments or the first installment of which is not payable one month from the date of the contract may provide for a time price differential that does not exceed an amount that provides the same effective return as if the contract were payable in substantially equal successive monthly installments beginning one month from the date of the contract.
Status: in_force · Read it on the official government site
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