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 .
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