The following publications and rates are issued by the OCCC
The Texas Credit Letter is published each Tuesday by the Office of Consumer Credit Commissioner and reports rate ceilings for future weeks. On a quarterly basis (Feb, May, Aug, Nov), the rates below are calculated by the Consumer Credit Commissioner using the formulas found in the Texas Finance Code, and reported in the month-end issue of the Texas Credit Letter.
|Judgment Rate current) Future Rate (published after the 15th each month)
NOTE: The December judgment rate published in the 11/29/19 issue of the Texas
Register was incorrect, Notice of update/correction was published in the 12/13/19 issue.
|Retail Credit Card Quarterly Rate|
|Weekly Rate||Lender Credit Card Quarterly Rate|
|Monthly Rate||Standard Annual Rate|
|Standard Quarterly Rate||Retail Credit Card Annual Rate|
The interest rate brackets used by the OCCC licensees are adjusted each year to reflect changes in the Consumer Price Index. These revised ceilings and brackets are published in the Texas Credit Letter typically in February or March and go into effect in July. Historical data for maximum ceilings and bracket amounts for Title 4, Subtitle B can be found in these archived Texas Credit Letters.
This rate ceiling applies to open-ended retail charge agreements. This rate ceiling structure may be used as an alternative to the maximum rate/amount authorized for a time price differential under Section 345.103.
As appropriate, rate charts can be found on respective industry pages.