Sec. 393.622. RULES. (a) The finance commission may:
(1) adopt rules necessary to enforce and administer this subchapter;
(2) adopt rules with respect to the quarterly reporting by a credit access business licensed under this subchapter of summary business information relating to extensions of consumer credit described by Section 393.602(a); and
(3) adopt rules with respect to periodic examination by the office relating to extensions of consumer credit described by Section 393.602(a), including rules related to charges for defraying the reasonable cost of conducting the examinations.
(b) The finance commission may adopt rules under this section to allow the commissioner to review, as part of a periodic examination, any relevant contracts between the credit access business and the third-party lender organizations with which the credit access business contracts to provide services described by Section 393.602(a) or from which the business arranges extensions of consumer credit described by Section 393.602(a). A contract or information obtained by the commissioner under this section is considered proprietary and confidential to the respective parties to the contract, and is not subject to disclosure under Chapter 552, Government Code.
(c) Nothing in Section 393.201(c) or Sections 393.601-393.628 grants authority to the finance commission or the Office of Consumer Credit Commissioner to establish a limit on the fees charged by a credit access business.
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