HB476 — Relating to the maximum permitted rate of interest, sum of fees, and other amounts that may be charged in connection with deferred presentment transactions; creating a criminal offense.

HB476 — Relating to the maximum permitted rate of interest, sum of fees, and other amounts that may be charged in connection with deferred presentment transactions; creating a criminal offense. · Informed CitizenryThe bill amends the Finance Code to establish maximum permitted rates for interest and fees in deferred presentment transactions. Under Section 342.606, a lender commits an offense if they enter in…Open in Informed Citizenry