Sec. 341.202. REVISION OF CEILING OR BRACKET. (a) Each year the commissioner shall compute, in accordance with Section 341.203, the amount of each:
(1) ceiling on a cash advance regulated under this subtitle that is required to be revised; and
(2) bracket that establishes a range of cash advances or balances to which a maximum charge provided by this subtitle applies and that is required to be revised.
(b) The revised ceiling or bracket amount takes effect on July 1 of the year of its computation.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 341 - General Provisions
Subchapter C. Revised Ceilings and Brackets
Section 341.201. Definitions of Indexes
Section 341.202. Revision of Ceiling or Bracket
Section 341.203. Computation of Revised Ceiling or Bracket
Section 341.204. Publication of Revised Ceiling, Bracket, or Index Information