MANDATORY DECREASE — Texas Code § FI.347.106
Texas Code § FI.347.106 — MANDATORY DECREASE. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ FI.347.106. MANDATORY DECREASE
MANDATORY DECREASE; OPTIONAL INCREASE. (a) If a computation under Section 347.104 results in a decrease, the creditor shall decrease the credit transaction's rate. If the creditor has agreed to impose periodic or aggregate limitations on rate adjustments that are smaller or more restrictive than the limitations prescribed by Section 347.105 , those limitations apply to the decrease. (b) A creditor may waive an increase that results from a computation under Section 347.104 . Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § FI.347.106
- Jurisdiction: Texas
- Code: The Texas Constitution
- Subject: MANDATORY DECREASE
- Text: transcribed from the official source (verify below)
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It addresses "MANDATORY DECREASE". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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