Tex. Fin. Code Section 302.103
Effect of Federal Preemption on Late Charges


On loans subject to 12 U.S.C. Sections 1735f-7 and 1735f-7a, as amended, any late charges assessed are interest that is included in computing the amount or rate of interest on the loan and, therefore, covered by the federal preemption of state interest rate limitations.
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.

Source: Section 302.103 — Effect of Federal Preemption on Late Charges, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­302.­htm#302.­103 (accessed May 11, 2024).

Accessed:
May 11, 2024

§ 302.103’s source at texas​.gov