Revision of Ceiling Or Bracket

Sec. 341.202. REVISION OF CEILING OR BRACKET. (a) Each year the commissioner shall compute, in accordance with Section 341.203, the amount of each: (1) ceiling on a cash advance regulated under this subtitle that is required to be revised; and (2) bracket that establishes a range of cash advances or balances to which a maximum charge provided by this subtitle applies and that is required to be revised. (b) The revised ceiling or bracket amount takes effect on July 1 of the year of its computation. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.