reglab/housing_qa huggingface dataset:
TX Fin Code § 342.457 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter J. Authorized Lender's Duties and Authority|Section 342.457. Automobile Club Membership Offered in Connection With a Loan

Sec. 342.457.  AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A LOAN.  (a)  An authorized lender may, at the time or after a loan under Subchapter E is made, offer to sell to the borrower and finance in the loan contract a charge for an automobile club membership.(b)  The lender may not require the purchase of the membership authorized under Subsection (a) as a condition for approval of the loan.(c)  The borrower shall provide the lender with written acknowledgment of the borrower's intent to purchase the membership.(d)  The lender shall give the borrower written notice at the time the loan is made that the borrower:(1)  is not required to purchase the membership as a condition for approval of the loan; and(2)  is entitled to cancel the transaction and receive a full refund of the purchase price of the membership before the 31st day after the date the loan is made.(e)  The commissioner shall:(1)  adopt a rule providing for disclosure in Spanish of the information required by Subsection (d); and(2)  establish a form for the disclosure of the information required by Subsection (d) that conforms to the plain language and readability requirements applicable to loan contracts under Section 341.502.(f)  The amount charged for a membership as authorized by Subsection (a) must be reasonable.|Added by Acts 2005, 79th Leg., Ch. 252 (H.B. 1088), Sec. 2, eff. September 1, 2005.|
TX Fin Code § 342.501 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter K. Limitations on Authorized Lender|Section 342.501. Obligation Under More Than One Contract

Sec. 342.501.  OBLIGATION UNDER MORE THAN ONE CONTRACT.  (a)  An authorized lender may not induce or permit a person or a husband and wife to be directly or indirectly obligated under more than one loan contract at any time for the purpose or with the effect of obtaining an amount of interest greater than the amount of interest otherwise authorized under this chapter for a loan of that aggregate amount with a maximum interest charge computed under Section 342.201(a), Section 342.201(e), Section 342.252, or any combination of those sections.(b)  Subsection (a) does not prohibit the purchase of a bona fide retail installment contract or revolving charge agreement of a borrower for the purchase of goods or services.(c)  A lender who purchases all or substantially all of the loan contracts of another authorized lender and who at the time of purchase has a loan contract with a borrower whose loan contract is purchased may collect principal and authorized charges according to the terms of each loan contract.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999;  Acts 2001, 77th Leg., ch. 916, Sec. 5, eff. Sept. 1, 2001.|
TX Fin Code § 342.502 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter K. Limitations on Authorized Lender|Section 342.502. Amount Authorized

Sec. 342.502.  AMOUNT AUTHORIZED.  (a)  A lender may not directly or indirectly charge, contract for, or receive an amount that is not authorized under this chapter in connection with a loan to which this chapter applies, including any fee, compensation, bonus, commission, brokerage, discount, expense, and any other charge of any nature, whether or not listed by this subsection.(b)  On a loan subject to Subchapter E  or a secondary mortgage loan subject to Subchapter G  a lender may assess and collect from the borrower an amount incurred by the lender for:(1)  court costs;(2)  attorney's fees assessed by a court, in addition to those provided by Section 342.307;(3)  a fee authorized by law for filing, recording, or releasing in a public office a security for a loan;(4)  a reasonable amount spent for repossessing, storing, preparing for sale, or selling any security;(5)  a fee for recording a lien on or transferring a certificate of title to a motor vehicle offered as security for a loan made under this chapter;  or(6)  a premium or an identifiable charge received in connection with the sale of insurance authorized under this chapter.(c)  Deleted by Acts 1999, 76th Leg., ch. 935, Sec. 2.04, eff. Sept. 1, 1999.(d)  On a loan subject to this chapter a lender may assess and collect a fee that does not exceed the amount prescribed by Section 3.506, Business & Commerce Code, for the return by a depository institution of a dishonored check, negotiable order of withdrawal, or share draft offered in full or partial payment of a loan.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 909, Sec. 2.19, eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 935, Sec. 2.03, 2.04, eff. Sept. 1, 1999.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453), Sec. 5, eff. September 1, 2011.|
TX Fin Code § 342.503 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter K. Limitations on Authorized Lender|Section 342.503. Security for Loan

Sec. 342.503.  SECURITY FOR LOAN.  (a)  A lender may not take as security for a loan made under this chapter an assignment of wages.(b)  A lender may not take as security for a loan made under Subchapter E or F  a lien on real property other than a lien created by law on the recording of an abstract of judgment.(c)  A lender may take as security for a loan made under Subchapter E or F an assignment of:(1)  a warrant drawn against a state fund;  or(2)  a claim against a state fund or a state agency.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.504 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter K. Limitations on Authorized Lender|Section 342.504. Confession of Judgment; Power of Attorney

Sec. 342.504.  CONFESSION OF JUDGMENT;  POWER OF ATTORNEY.  A lender may not take a confession of judgment or a power of attorney authorizing the lender or a third person to confess judgment or to appear for a borrower in a judicial proceeding.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.505 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter K. Limitations on Authorized Lender|Section 342.505. Disclosure of Amount Financed and Schedule of Payments

Sec. 342.505.  DISCLOSURE OF AMOUNT FINANCED AND SCHEDULE OF PAYMENTS.  A lender may not take a promise to pay or loan obligation that does not disclose the amount financed and the schedule of payments, except for an open-end account.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.506 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter K. Limitations on Authorized Lender|Section 342.506. Instrument With Blank Prohibited

Sec. 342.506.  INSTRUMENT WITH BLANK PROHIBITED.  A lender may not take an instrument in which a blank is left to be filled in after the loan is made.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.507 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter K. Limitations on Authorized Lender|Section 342.507. Waiver of Borrower's Right Prohibited

Sec. 342.507.  WAIVER OF BORROWER'S RIGHT PROHIBITED.  A lender may not take an instrument in which a borrower waives any right accruing to the borrower under this chapter.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.508 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter K. Limitations on Authorized Lender|Section 342.508. Maximum Loan Term

Sec. 342.508.  MAXIMUM LOAN TERM.  A lender may not enter a loan contract under Section 342.201(a) or Section 342.201(e) under which the borrower agrees to make a scheduled payment of principal more than:(1)  37 calendar months after the date on which the contract is made, if the contract is for a cash advance of $1,500 or less;(2)  49 calendar months after the date on which the contract is made, if the contract is for a cash advance of more than $1,500 but not more than $3,000;  or(3)  60 months after the date on which the contract is made, if the contract is for a cash advance of more than $3,000.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 916, Sec. 6, eff. Sept. 1, 2001.|
TX Fin Code § 342.551 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.551. Adoption of Rules

Sec. 342.551.  ADOPTION OF RULES.  (a)  The Finance Commission of Texas may adopt rules to enforce this chapter.(b)  The commissioner shall recommend proposed rules to the Finance Commission of Texas.(c)  A rule shall be entered in a permanent book.  The book is a public record and shall be kept in the office of the commissioner.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.552 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.552. Examination of Lenders; Access to Records

Sec. 342.552.  EXAMINATION OF LENDERS;  ACCESS TO RECORDS.  (a)  The commissioner or the commissioner's representative shall, at the times the commissioner considers necessary:(1)  examine each place of business of each authorized lender;  and(2)  investigate the lender's transactions, including loans, and records, including books, accounts, papers, and correspondence, to the extent the transactions and records pertain to the business regulated under this chapter.(b)  The lender shall:(1)  give the commissioner or the commissioner's representative free access to the lender's office, place of business, files, safes, and vaults;  and(2)  allow the commissioner or the commissioner's authorized representative to make a copy of an item that may be investigated under Subsection (a)(2).(c)  During an examination the commissioner or the commissioner's representative may administer oaths and examine any person under oath on any subject pertinent to a matter that the commissioner is authorized or required to consider, investigate, or secure information about under this chapter.(d)  Information obtained under this section is confidential.(e)  A lender's violation of Subsection (b) is a ground for the suspension or revocation of the lender's license.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.553 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.553. General Investigation

Sec. 342.553.  GENERAL INVESTIGATION.  (a)  To discover a violation of this chapter or to obtain information required under this chapter, the commissioner or the commissioner's representative may investigate the records, including books, accounts, papers, and correspondence, of a person, including an authorized lender, who the commissioner has reasonable cause to believe is violating this chapter regardless of whether the person claims to not be subject to this chapter.(b)  For the purposes of this section, a person who advertises, solicits, or otherwise represents that the person is willing to make a loan with a cash advance less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference base amount of $2,500 is presumed to be engaged in the business described by Section 342.051.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.554 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.554. Certificate; Certified Document

Sec. 342.554.  CERTIFICATE;  CERTIFIED DOCUMENT.  On application by any person and on payment of any associated cost, the commissioner shall furnish under the commissioner's seal and signed by the commissioner or an assistant of the commissioner:(1)  a certificate of good standing;  or(2)  a certified copy of a license, rule, or order.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.555 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.555. Transcript of Hearing: Public

Sec. 342.555.  TRANSCRIPT OF HEARING:  PUBLIC.  The transcript of a hearing held by the commissioner under this chapter is a public record.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.556 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.556. Appointment of Agent

Sec. 342.556.  APPOINTMENT OF AGENT.  (a)  An authorized lender shall maintain on file with the commissioner a written appointment of a resident of this state as the lender's agent for service of all judicial or other process or legal notice, unless the lender has appointed an agent under another statute of this state.(b)  If an authorized lender does not comply with this section, service of all judicial or other process or legal notice may be made on the commissioner.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.557 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.557. Payment of Examination Costs and Administration Expenses

Sec. 342.557.  PAYMENT OF EXAMINATION COSTS AND ADMINISTRATION EXPENSES.  An authorized lender shall pay to the commissioner an amount assessed by the commissioner to cover the direct and indirect cost of an examination of the lender under Section 342.552 and a proportionate share of general administrative expense.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.558 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.558. Authorized Lender's Records

Sec. 342.558.  AUTHORIZED LENDER'S RECORDS.  (a)  An authorized lender shall maintain a record of each loan made under this chapter as is necessary to enable the commissioner to determine whether the lender is complying with this chapter.(b)  An authorized lender shall keep the record, make it available in this state, or, if the lender makes, transacts, or negotiates loans principally by mail, keep the record or make it available at the lender's principal place of business, until the later of:(1)  the fourth anniversary of the date of the loan;  or(2)  the second anniversary of the date on which the final entry is made in the record.(c)  A record described by Subsection (a) must be prepared in accordance with accepted accounting practices.(d)  The commissioner shall accept a lender's system of records if the system discloses the information reasonably required under Subsection (a).(e)  An authorized lender shall keep each obligation signed by a borrower at an office in this state designated by the lender unless the obligation is transferred under an agreement that gives the commissioner access to the obligation.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.559 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.559. Annual Report

Sec. 342.559.  ANNUAL REPORT.  (a)  Each year, not later than May 1 or a later date set by the commissioner, an authorized lender shall file with the commissioner a report that contains relevant information required by the commissioner concerning the lender's business and operations during the preceding calendar year for each office of the lender in this state where business is conducted under this chapter.(b)  A report under this section must be:(1)  under oath;  and(2)  in the form prescribed by the commissioner.(c)  A report under this section is confidential.(d)  Annually the commissioner shall prepare and publish a consolidated analysis and recapitulation of reports filed under this section.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.560 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter L. Administration of Chapter|Section 342.560. Conducting Associated Business

Sec. 342.560.  CONDUCTING ASSOCIATED BUSINESS.  An authorized lender may conduct business under this chapter in an office, office suite, room, or place of business in which any other business is conducted or in combination with any other business unless the commissioner:(1)  finds after a hearing that the lender's conducting of the other business in that office, office suite, room, or place of business has concealed an evasion of this chapter;  and(2)  orders the lender in writing to desist from that conduct in that office, office suite, room, or place of business.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.601 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter M. Deferred Presentment Transactions|Section 342.601. Definitions

Sec. 342.601.  DEFINITIONS.  In this subchapter:(1)  "Lender" means a lender licensed under this chapter.(2)  "Member of the United States military" means:(A)  a member of the armed forces of the United States; or(B)  a member of the Texas National Guard who is called to federal active duty.|Added by Acts 2005, 79th Leg., Ch. 394 (S.B. 1479), Sec. 1, eff. September 1, 2005.|
TX Fin Code § 342.602 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter M. Deferred Presentment Transactions|Section 342.602. Disclosures to Military Borrowers

Sec. 342.602.  DISCLOSURES TO MILITARY BORROWERS.  Before engaging in a deferred presentment transaction, a lender shall provide to a customer who is a member of the United States military or the member's spouse a written statement that clearly and conspicuously states that:(1)  the lender is prohibited by law from:(A)  garnishing the wages of any borrower, including a borrower who is a member of the United States military;(B)  conducting any collection activity against a borrower who is:(i)  a member of the armed forces of the United States who is deployed to combat or a combat support posting, for the duration of the posting;(ii)  a member of the Texas National Guard who is called to federal active duty, for the duration of the duty;(iii)  the spouse of a person described by Paragraph (i), for the duration of the posting; or(iv)  the spouse of a person described by Paragraph (ii), for the duration of the duty; or(C)  from contacting the employer of a member of the United States military about a deferred presentment debt of the member or the member's spouse;(2)  the lender shall honor the terms of a repayment agreement entered into with a member of the United States military or the member's spouse, including a repayment agreement negotiated through military counselors or third-party credit counselors; and(3)  the lender shall honor any statement made by a commanding officer of a member of the United States military declaring any location where deferred presentment transaction business is to be conducted by the lender to be a place at which a member of the United States military or the member's spouse is prohibited from transacting business.|Added by Acts 2005, 79th Leg., Ch. 394 (S.B. 1479), Sec. 1, eff. September 1, 2005.|
TX Fin Code § 342.603 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter M. Deferred Presentment Transactions|Section 342.603. Prohibited Practices

Sec. 342.603.  PROHIBITED PRACTICES.  A lender may not contact the employer of a member of the United States military about a deferred presentment debt of the member or the member's spouse.|Added by Acts 2005, 79th Leg., Ch. 394 (S.B. 1479), Sec. 1, eff. September 1, 2005.|
TX Fin Code § 342.604 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter M. Deferred Presentment Transactions|Section 342.604. Military Borrower

Sec. 342.604.  MILITARY BORROWER.  (a)  A lender may not engage in collection activity against a borrower who is:(1)  a member of the armed forces of the United States who is deployed to combat or a combat support posting, for the duration of the posting;(2)  a member of the Texas National Guard who is called to federal active duty, for the duration of the duty;(3)  the spouse of a person described by Subdivision (1), for the duration of the posting; or(4)  the spouse of a person described by Subdivision (2), for the duration of the duty.(b)  A lender may not garnish the wages of a borrower who is a member of the United States military or the member's spouse.(c)  A lender who engages in a deferred presentment transaction with a member of the United States military or a dependent of a member of the United States military must comply with 10 U.S.C. Section 987 and any regulations adopted under that law, to the extent applicable.|Added by Acts 2005, 79th Leg., Ch. 394 (S.B. 1479), Sec. 1, eff. September 1, 2005.Amended by: Acts 2017, 85th Leg., R.S., Ch. 835 (H.B. 2008), Sec. 1, eff. September 1, 2017.|