SECTION 22.338. Loan Interest

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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).

Source Note: The provisions of this §22.338 adopted to be effective December 7, 2003, 28 TexReg 10757; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739

                    
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