Gavvy: Gov’t Code, Sec. 2304.069. Interest Rate.

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Sec. 2304.069. Interest Rate.

Sec. 2304.069. INTEREST RATE. (a) The department shall set the minimum and maximum interest rates for housing rehabilitation loans.

(b) A local government shall set the interest rate for a housing rehabilitation loan it approves under this chapter. The rate must be within the minimum and maximum rates set by the department.

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.

Gavvy last updated this database on: Sep 6, 2024