Tex. Fin. Code 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 account.

(b)

A creditor may not require that a customer enter into more than one revolving credit account for the purpose of collecting interest at a rate greater than the rate authorized by law.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 346.203 — More than One Revolving Credit Account Authorized, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­346.­htm#346.­203 (accessed May 11, 2024).

Accessed:
May 11, 2024

§ 346.203’s source at texas​.gov