Sec. 303.014.  RATE FOR LENDER CREDIT CARD AGREEMENT WITH MERCHANT DISCOUNT.  On an amount owed for a credit card transaction under a lender credit card agreement that imposes or allows the creditor to receive a merchant discount, the creditor may not contract for, charge, or receive:
(1)  a rate that exceeds the ceiling provided under Section 303.006(c);  or
(2)  a fee or charge that:
(A)  is not allowed under Chapter 346;  or
(B)  exceeds the amount allowed under Chapter 346.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.