Tex. Fin. Code Section 303.105
Open-end Account: Disclosure of Certain Rate Variations

(a)

Except as provided by Subsection (b), a variation in an interest rate on an account resulting from operation of the previously disclosed index, formula, or provision of law is not required to be disclosed under Section 303.101 (Open-end Account: Ceilings) or 303.103 (Open-end Account: Change of Agreement Term).

(b)

Except as inconsistent with federal law, the creditor on an open-end account agreement that provides for a variable interest rate according to an index, formula, or provision of law, that is primarily for personal, family, or household use, and that is subject to this chapter shall give to the obligor notice of a change in the rate resulting from operation of the index, formula, or provision of law. The notice must be given:

(1)

by a document mailed on or before the beginning of the first cycle for which the change becomes effective; or

(2)

on or with:

(A)

the billing statement for a billing cycle that precedes the cycle for which the change becomes effective, if the account is covered by Section 303.006 (Quarterly Ceiling)(c); or

(B)

any billing statement, if the account is not covered by Section 303.006 (Quarterly Ceiling)(c).
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.

Source: Section 303.105 — Open-end Account: Disclosure of Certain Rate Variations, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­303.­htm#303.­105 (accessed Apr. 13, 2024).

303.001
Use of Ceilings 303.002
Weekly Ceiling 303.003
Computation of Weekly Ceiling 303.004
Monthly Ceiling 303.005
Computation of Monthly Ceiling 303.006
Quarterly Ceiling 303.007
Annualized Ceiling 303.008
Computation of Quarterly and Annualized Ceiling 303.009
Maximum and Minimum Weekly, Monthly, Quarterly, or Annualized Ceiling 303.010
Computation of Ceiling if Information Unavailable 303.011
Publication of Rate Ceilings 303.012
Judicial Notice 303.013
Determination of Ceiling for Contract to Renew or Extend Debt Payment 303.014
Rate for Lender Credit Card Agreement with Merchant Discount 303.015
Variable Rate 303.016
Charging of Rate Lower than Agreed Rate 303.017
Various Charges on Consumer Loans Made by Particular Lenders 303.101
Open-end Account: Ceilings 303.102
Variable Rate Open-end Account: Ceilings 303.103
Open-end Account: Change of Agreement Term 303.104
Disclosure of Decrease in Interest Rate Not Required on Open-end Accounts Involving Credit Card Transaction or Merchant Discount 303.105
Open-end Account: Disclosure of Certain Rate Variations 303.106
Open-end Account: Ceiling for Plan or Arrangement 303.201
License Required 303.202
Applicability of Subtitle B 303.203
Automobile Club Membership Offered in Connection with a Loan 303.301
Agreement to Which Chapter Does Not Apply 303.302
Requirements Inconsistent with Federal Law 303.401
When Act or Omission Not Violation 303.402
Penalty for Violation of Chapter for Certain Contracts Subject to Subtitle B 303.403
Penalty for Violation of Ceiling in Certain Contracts 303.404
Enforcement by Consumer Credit Commissioner 303.405
Examination of Records 303.406
Enforcement by Credit Union Commissioner 303.407
Enforcement by Texas Department of Insurance 303.501
Applicability of Credit Union Act
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Accessed:
Apr. 13, 2024

§ 303.105’s source at texas​.gov