Figure: 7 TAC §90.203(b)(7)(A)

“Interest will be calculated by using the add-on interest method. Add-on interest is calculated on the full amount of the cash advance and added as a lump sum to the cash advance for the full term of the loan. The interest charge will be:

     •   $18.00 per $100.00 on that portion of the cash advance that is $1,500.00 or less; and

     •   $8.00 per $100.00 on that portion of the cash advance that is greater than $1,500.00 through $12,500.00.

You base the Finance Charge and the Total of Payments as if I will make each payment on the day it is due. I can make a whole payment early. Unless you agree otherwise in writing, I may not skip payments. If I make a payment early, my next payment will still be due as scheduled. If I prepay my loan in full before the final payment is due, I may save a portion of the Finance Charge. The amount I save will be figured using the scheduled installment earnings method as defined by the Texas Finance Code. I will not get a refund if the amount I save would be less than $1.00.”