SB1906 increases the maximum allowable interest rates on certain unsecured consumer loans in Texas.

SB1906 amends the Texas Finance Code to increase the maximum allowable interest rates for certain unsecured consumer loans. The new rates are 36 percent for loans up to $500, 30 percent for loans between $500 and $1,050, and 24 percent for loans between $1,050 and $2,500. These changes apply only to loans made after the bill's effective date of September 1, 2025. Loans made before this date remain governed by the previous law.

SB1906 increases the maximum allowable interest rates on certain unsecured consumer loans in Texas.

SB1906 amends the Texas Finance Code to increase the maximum allowable interest rates for certain unsecured consumer loans. The new rates are 36 percent for loans up to $500, 30 percent for loans between $500 and $1,050, and 24 percent for loans between $1,050 and $2,500. These changes apply only to loans made after the bill's effective date of September 1, 2025. Loans made before this date remain governed by the previous law.