Sec. 393.627. QUARTERLY REPORT TO COMMISSIONER. 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);
(6) the average amount of the extensions of consumer credit described by Subdivision (2);
(7) the total amount of fees charged by the business for the activities described by Subdivision (1);
(8) the number of vehicles surrendered or repossessed under the terms of an extension of consumer credit in the form of a motor vehicle title loan obtained by the business or that the business assisted a consumer in obtaining;
(9) the mean, median, and mode of the number of extensions of consumer credit obtained by consumers as a result of entering into the extensions of consumer credit described by Subdivision (2); and
(10) any related information the commissioner determines necessary.
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