19 Tex. Admin. Code § 22.338

Current through Reg. 49, No. 45; November 8, 2024

Section 22.338 - Loan Interest

There shall be no interest charged for a Texas B-On-Time Loan unless a judgment is obtained against the borrower for default in payment. If a judgment should be taken, the interest rate shall be the amount specified in § 304.003 of the Texas Finance Code, (relating to Judgment Interest Rate: Interest Rate or Time Price Differential Not in Contract).

The provisions of this §22.338 adopted to be effective December 7, 2003, 28 TexReg 10757; transferred from 21.130 Texas Register, Volume 42, Number 20, May 19, 2017, TexReg 2739, eff. 5/22/2017