7 Tex. Admin. Code § 90.702

Current through Reg. 49, No. 42; October 18, 2024

Section 90.702 - Negotiation in Spanish

(a) Negotiation terms. The disclosure specified in § RSA 90.703 of this title (relating to Form of Disclosure) must be given if a licensee provides information in relation to a credit transaction with a debtor or the debtor's representative regarding any of the following credit terms in Spanish:

(1) amount financed;

(2) finance charge;

(3) annual percentage rate;

(4) the amount of any payment or schedule of payments;

(5) total of payments; or

(6) security interest.

(b) Advertising exception. A licensee is not required to provide a disclosure specified in § RSA 90.703 of this title if a creditor advertises credit terms in Spanish that are specified in this section.

7 Tex. Admin. Code § 90.702

The provisions of this §90.702 adopted to be effective August 31, 2006, 31 TexReg 6707; amended to be effective September 9, 2010, 35 TexReg 8104