Section 25.74 - Full Disclosure Requirements in Advertising(a) If rates or charges are stated in advertising, they shall be expressed in terms of an "annual percentage rate" (simple annual interest rate). Any advertisement that states the amount of any installment payment, the dollar amount of any finance charge or the number of installments or the period of repayment shall also state: (1) the amount of the loan expressed as "amount financed";(2) the number, amount, and due dates or periods of payments scheduled to repay the indebtedness if credit is extended;(3) the rate of the finance charge; and(4) the sum of the payments expressed as "total of payments."(b) The foregoing information shall be clearly shown in such a manner as not to be deceiving or misleading.(c) If any licensee advertises that the first installment on a loan may be extended beyond one month from the loan date, he shall also clearly state whether a charge is to be made for such extension.(d) The advertisement shall state that a licensed insurance agent can take application from the insured for insurance premium financing.(e) The advertisement shall specifically state that the advertisement pertains to insurance premium finance only.28 Tex. Admin. Code § 25.74
The provisions of this §25.74 adopted to be effective May 17, 1995, 20 TexReg 3337.