What is Texas' maximum finance charge rate that can be charged on past due accounts?

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2026-03-15 13:05

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According to Section 302.002, the state legal maximum interest rate is six percent per annum. Under Section 304.002, interest rate on money judgment is 18 percent per annum. If the judgment is based on a contract fixing a different rate of interest, the interest is equal to the lesser rate specified in the transaction.

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