# Tex. Finance Code § 339.002: BILLING CYCLE INTEREST LIMITATION ON OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.002

## Section

- **Citation:** Tex. Finance Code § 339.002
- **Heading:** BILLING CYCLE INTEREST LIMITATION ON OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 339 / Section 339.002

## Text

(a) This section applies to an open-end account agreement that provides for credit card transactions:

(1) in which the creditor relies on one of the ceilings authorized by Chapter 303 for the rate of interest; and

(2) in connection with which the creditor does not impose or receive a merchant discount.

(b) Interest or time price differential may not be charged for a billing cycle of an open-end account credit agreement if:

(1) the total amount of the obligor's payments during the cycle equal or exceed the balance owed under the agreement at the end of the preceding billing cycle; or

(2) an amount is not owed under the agreement at the end of the preceding billing cycle.

## Nearby sections

- [Tex. Finance Code § 339.002 § 339.002. BILLING CYCLE INTEREST LIMITATION ON OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.002.md)
- [Tex. Finance Code § 339.003 § 339.003. SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.003.md)
- [Tex. Finance Code § 339.004 § 339.004. APPLICATION OF LICENSING REQUIREMENT AND SUBTITLE B TO CREDIT UNION OR EMPLOYEE BENEFIT PLAN.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.004.md)
- [Tex. Finance Code § 339.005 § 339.005. APPLICABILITY OF CERTAIN FEDERAL LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.005.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.002. Check the current official text before relying on it. Not legal advice.