Rate Bracket Adjustments

To open and print the notices of rate bracket adjustments, you'll need Acrobat Reader. If you do not already have Acrobat Reader on your computer, you can download it free.

February 9, 2016 March 9, 2010 April 13, 2004
March 3, 2015 March 10, 2009 March 25, 2003
February 18, 2014 March 25, 2008 March 12, 2002
February 12, 2013 May 8, 2007 March 13, 2001
April 10, 2012 April 11, 2006 March 07, 2000
March 15, 2011 May 10, 2005 March 09, 1999

Market Competitive Rate Ceilings

Several Texas Finance Code sections were repealed regarding the calculation and publication of the market competitive rate ceilings by the Acts of the 79th Legislature, Regular Session, 2005. (HB 955).

§345.151. Affidavit of Rate Charged by Creditor in Other State for Determining Ceiling;
§345.152. Determination of Ceiling; and
§345.154. Implementation of Ceiling.

The rate ceilings addressed in Texas Finance Code, §303.009(d) provide the ceiling for credit card transactions.

§303.009. Maximum and Minimum Weekly, Monthly, Quarterly, or Annualized Ceiling.

(d) For an open-end account credit agreement that provides for credit card transactions on which a merchant discount is not imposed or received by the creditor, the ceiling is 21 percent a year.

The maximum rate has been 21% since October 1, 1999.