Sec. 347.105.  MAXIMUM RATE ADJUSTMENTS.  (a)  The total of the rate adjustments for any six-month period may not exceed one-half of one percent a year.
(b)  If the stated interval for rate adjustments is a 12-month period or longer, a rate adjustment may not exceed one percent a year.
(c)  The total of all rate adjustments over the term of the credit transaction may not exceed the least of:
(1)  one-half of the initial rate;
(2)  eight percent;  or
(3)  a rate, expressed as a percentage, computed by dividing the term of the loan in years by two.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.