Section 83.1002 - DefinitionsWords and terms used in this chapter that are defined in Texas Finance Code, Chapter 393 have the same meanings as defined in Chapter 393. The following words and terms, when used in this subchapter , will have the following meanings, unless the context clearly indicates otherwise.
(1) Commissioner--The Consumer Credit Commissioner of the State of Texas.(2) Interpretation letter--A formal interpretation of Texas Finance Code, Title 4 made by the commissioner and approved by the Finance Commission under Texas Finance Code, § RSA 14.108.(3) Licensee--Any person who has been issued a credit access business license pursuant to Texas Finance Code, Chapter 393.(4) Multiple payment auto title loan--An auto title loan that is not a single payment auto title loan.(5) Multiple payment payday loan--A payday loan that is not a single payment payday loan.(6) OCCC--The Office of Consumer Credit Commissioner of the State of Texas.(7) Single payment auto title loan--An auto title loan for which the entire principal balance, interest, and all fees required under the terms of the transaction, including any fees required to be paid to a credit access business, are due in a single payment.(8) Single payment payday loan--A payday loan for which the entire principal balance, interest, and all fees required under the terms of the transaction, including any fees required to be paid to a credit access business, are due in a single payment.7 Tex. Admin. Code § 83.1002
The provisions of this §83.1002 adopted to be effective November 10, 2011, 36 TexReg 7518; Amended by Texas Register, Volume 41, Number 01, January 1, 2016, TexReg 115, eff. 1/7/2016; Amended by Texas Register, Volume 41, Number 53, December 30, 2016, TexReg 10564, eff. 1/5/2017