Texas Finance Code Title 4, Chapter 346 - Revolving Credit Accounts

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 346.001 - Definitions
  In this chapter: (1) "Billing cycle" means the interval between periodic billing statements. (2) "Credit card" means a card, confirmation, or identification or check or...
• Texas Section 346.002 - Average Daily Balance
  (a) The average daily balance of a revolving credit account is computed by: (1) adding all of the ending balances in the account during each...
• Texas Section 346.003 - Revolving Credit Accounts
  (a) A revolving credit account is an open-end account: (1) that is established by a creditor for a customer under a written agreement between the...
• Texas Section 346.004 - Application Of Chapter To Revolving Credit Accounts
  (a) Unless the contract for the account provides otherwise, this chapter applies to a revolving credit account described by Section 346.003 if the loan or...

SUBCHAPTER B INTEREST CHARGE AND FEES

• Texas Section 346.005 - Application Of Other Code Provisions
  (a) A revolving credit account is subject to Chapters 303 and 349 but is not subject to another chapter of this title unless specifically provided...
• Texas Section 346.101 - Maximum Interest Rate
  (a) A revolving credit account may provide for interest on an account at an annual rate that does not exceed the greater of: (1) 18...
• Texas Section 346.102 - Permissible Interest Rate For Billing Cycle
  (a) A revolving credit account that provides for equal billing cycles may provide for interest for a billing cycle at the rate equal to one-twelfth...

SUBCHAPTER C CREDITOR'S DUTIES AND AUTHORITY

• Texas Section 346.103 - Fees
  (a) The following fees may be charged to or collected from a customer in connection with an account under this chapter: (1) an annual fee...
• Texas Section 346.201 - Insurance; Collateral
  In connection with a revolving credit account, a creditor may require or take insurance subject to the provisions of Chapter 342, relating to insurance, as...
• Texas Section 346.202 - Amounts Authorized To Be Recovered From Customer
  (a) A creditor may recover from a customer amounts incurred by the creditor for: (1) court costs; (2) attorney's fees assessed by a court; (3)...
• Texas Section 346.203 - More Than One Revolving Credit Account Authorized
  (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...
• Texas Section 346.204 - Amendment Of Revolving Credit Account By Creditor
  (a) A creditor unilaterally may amend a revolving credit account. (b) A change made under Subsection (a) that relates to an existing or future balance...
• Texas Section 346.205 - Compliance With Federal Consumer Credit Protection Act
  This chapter does not change a creditor's obligation to comply with the Consumer Credit Protection Act (15 U.S.C. Section 1601 et seq.) Acts 1997, 75th...
• Texas Section 346.206 - Acceleration Or Immediate Payment Demand Prohibited
  With respect to a revolving credit account secured by an interest in real property, a creditor may not accelerate or demand immediate payment of an...

Last modified: September 28, 2016