Cryptocurrency Q&A What is the 2% fee rule in Texas?

What is the 2% fee rule in Texas?

CryptoVanguard CryptoVanguard Sun Oct 27 2024 | 7 answers 966
I'm trying to understand the 2% fee rule in Texas. Could someone explain what this rule entails and how it applies in different scenarios? What is the 2% fee rule in Texas?

7 answers

Elena Elena Mon Oct 28 2024
This includes cash, financing, or a combination of both.

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SamuraiHonor SamuraiHonor Mon Oct 28 2024
The borrower faces a specific cap on the fees and charges they can incur.

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Federica Federica Mon Oct 28 2024
Regardless of the payment method, the 2% limit applies.

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Chiara Chiara Mon Oct 28 2024
This cap is set at 2% of the original base loan amount.

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SsangyongSpiritedStrengthCourage SsangyongSpiritedStrengthCourage Mon Oct 28 2024
The borrower cannot exceed this limit directly or indirectly.

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