Sec. 393.601. DEFINITIONS. In this subchapter:
(1) "Commissioner" means the consumer credit commissioner.
(2) "Credit access business" means a credit services organization that obtains for a consumer or assists a consumer in obtaining an extension of consumer credit in the form of a deferred presentment transaction or a motor vehicle title loan.
(3) "Deferred presentment transaction" has the meaning assigned by Section 341.001. For purposes of this chapter, this definition does not preclude repayment in more than one installment.
(4) "Finance commission" means the Finance Commission of Texas.
(5) "Motor vehicle title loan" means a loan in which an unencumbered motor vehicle is given as security for the loan. The term does not include a retail installment transaction under Chapter 348 or another loan made to finance the purchase of a motor vehicle.
(6) "Office" means the Office of Consumer Credit Commissioner.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.
Structure Texas Statutes
Title 5 - Protection of Consumers of Financial Services
Chapter 393 - Credit Services Organizations
Subchapter G. Licensing and Regulation of Certain Credit Services Organizations
Section 393.602. Applicability
Section 393.603. License Required
Section 393.604. Application for License
Section 393.606. Investigation of Application
Section 393.607. Approval or Denial of Application
Section 393.608. Disposition of Fees on Denial of Application
Section 393.6085. License Term
Section 393.609. Name and Place of License
Section 393.610. License Display
Section 393.611. Minimum Assets for License
Section 393.6115. Grounds for Refusal to Renew
Section 393.613. Expiration of License on Failure to Pay Fee
Section 393.614. License Suspension or Revocation
Section 393.615. License Suspension or Revocation Filed With Public Records
Section 393.616. Reinstatement of Suspended License; Issuance of New License After Revocation
Section 393.617. Surrender of License
Section 393.618. Effect of License Suspension, Revocation, or Surrender
Section 393.619. Moving an Office
Section 393.620. Transfer or Assignment of License
Section 393.621. Administration
Section 393.623. Providing or Advertising Services Without License Prohibited
Section 393.624. Restrictions on Off-Site Advertising
Section 393.625. Military Borrowers
Section 393.626. Debt Collection Practices