Finance
In Texas, the usury laws set maximum interest rates on loans. For most consumer loans, the maximum rate is governed by:
ATREC's published rate schedule
BTexas Finance Code and may vary by loan type; residential mortgage rates are governed by federal preemption✓ Correct
CThe Texas Railroad Commission
DTCEQ environmental lending guidelines
Explanation
Texas Finance Code governs usury (maximum interest rates) for most consumer transactions. However, federal laws (Depository Institutions Deregulation and Monetary Control Act) generally preempt state usury limits for federally chartered banks and certain other institutions.
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