Sec. 353.103. TIME PRICE DIFFERENTIAL FOR RETAIL INSTALLMENT CONTRACT. (a) A retail installment contract may provide for:
(1) any amount of time price differential permitted under Section 353.104, 353.105, or 353.106; or
(2) any rate of time price differential not exceeding a yield permitted under Section 353.104, 353.105, or 353.106.
(b) The time price differential may be computed using the:
(1) precomputed earnings method;
(2) scheduled installment earnings method; or
(3) true daily earnings method.
Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.
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