Texas Finance Code

§ 393.627 — QUARTERLY REPORT TO COMMISSIONER

FI § 393.627Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 393. CREDIT SERVICES ORGANIZATIONS · Art. G. LICENSING AND REGULATION OF CERTAIN CREDIT SERVICES ORGANIZATIONS

Statute text

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A credit access business shall file a quarterly report with the commissioner on a form prescribed by the commissioner that provides the following information relating to extensions of consumer credit described by Section 393.602(a) during the preceding quarter:

(1)the number of consumers for whom the business obtained or assisted in obtaining those extensions of consumer credit;

(2)the number of those extensions of consumer credit obtained by the business or that the business assisted consumers in obtaining;

(3)the number of refinancing transactions of the extensions of consumer credit described by Subdivision (2);

(4)the number of consumers refinancing the extensions of consumer credit described by Subdivision (2);

(5)the number of consumers refinancing more than once the extensions of consumer credit described by Subdivision (2);

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.