Dates of Rate Bracket Adjustments

  March 9, 2010 April 13, 2004
  March 10, 2009 March 25, 2003
February 18, 2014 March 25, 2008 March 25, 2003
February 12, 2013 May 8, 2007 March 13, 2001
April 10, 2012 April 11, 2006 March 7, 2000
March 15, 2011 May 10, 2005 March 9, 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Several Texas Finance Code sections were repealed regarding the calculation and publication of the market competitive rate ceilings by the Acts of the 79th Legislature, Regular Session, 2005.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.

October 1, 2004 to September 30, 2005: 21%

  • (Issued in the September 8, 2004 Texas Credit Letter)  ctober 1, 2003 to September 30, 2004: 21%
  • (Issued in the September 30, 2003 Texas Credit Letter) October 1, 2002 to September 30, 2003: 21%
  • (Issued in the September 4, 2002 Texas Credit Letter) October 1, 2001 to September 30, 2002: 21%
  • (Issued in the October 16, 2001Texas Credit Letter) October 1, 2000 to September 30, 2001: 21%
  • (Issued in the September 29, 2000 Texas Credit Letter) October 1, 1999 to September 30, 2000: 21%
  • (Issued in the September 14, 1999 Texas Credit Letter)