§ 303.101 Open-End Account: Ceilings
§ 303.102 Variable Rate Open-End Account: Ceilings
§ 303.103 Open-End Account: Change of Agreement Term
§ 303.104 Disclosure of Decrease in Interest Rate Not Required On Open-End Accounts Involving Credit Card Transaction or Merchant Discount
§ 303.105 Open-End Account: Disclosure of Certain Rate Variations
§ 303.106 Open-End Account: Ceiling for Plan or Arrangement

Terms Used In Texas Finance Code Chapter 303 > Subchapter B - Open-End Accounts

  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Effects: includes all personal property and all interest in that property. See Texas Government Code 312.011
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Month: means a calendar month. See Texas Government Code 312.011
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Rule: includes regulation. See Texas Government Code 311.005
  • Succeeding: means immediately following. See Texas Government Code 312.011
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.
  • Year: means 12 consecutive months. See Texas Government Code 311.005