Texas Finance Code

§ 393.105 — DISCLOSURE STATEMENT

FI § 393.105Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 393. CREDIT SERVICES ORGANIZATIONS · Art. B. REGISTRATION AND DISCLOSURE STATEMENTS

Statute text

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Before executing a contract with a consumer or receiving valuable consideration from a consumer, a credit services organization shall provide the consumer with a document containing:

(1)a complete and detailed description of the services to be performed by the organization for the consumer and the total cost of those services;

(2)an explanation of the consumer's right to proceed against the surety bond or account obtained under Section 393.302;

(3)the name and address of the surety company that issued the surety bond or the name and address of the depository and the trustee and the account number of the surety account, as appropriate;

(4)a complete and accurate statement of the consumer's right to review information on the consumer maintained in a file by a consumer reporting agency, as provided by the Fair Credit Reporting Act (15 U.S.C. Section 1681 et seq.);

(5)a statement that information in the consumer's file is available for review:

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Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.