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Home > Title 7 > Part 5 > Chapter 83 >Subchapter A > Rule 83.852
TITLE 7 - BANKING AND SECURITIES
PART 5 - OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 83 - REGULATED LENDERS AND CREDIT ACCESS BUSINESSES
SUBCHAPTER A - RULES FOR REGULATED LENDERS
SECTION/RULE §83.852 - Loan Size, Duration, and Schedule of Installments: Limitation
Chapter Review Date 02/22/2020

When making or negotiating a loan under Texas Finance Code, Chapter 342, licensees must consider, in determining the size, duration, and schedule of installments of a loan, the financial ability of the borrower to repay the loan. The lender should evaluate whether the borrower should be reasonably able to repay the loan in cash in the time and means provided in the loan contract and repay all other known obligations concurrently.

Source Note: The provisions of this §83.852 adopted to be effective November 9, 2006, 31 TexReg 9014; amended to be effective November 4, 2010, 35 TexReg 9698.

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