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Home > Title 7 > Part 5 > Chapter 83 >Subchapter A > Rule 83.859
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 §83.859 - Collection Practices
Chapter Review Date 02/22/2020

(a) In attempting to collect money due on a loan or to take possession of any property securing a loan, a licensee or the licensee's agent must not use any means other than appeals to reason or lawful remedies authorized under the laws of this state. The licensee is also bound by the remedies prescribed in any instrument securing the loan.(b) A licensee or the licensee's agent must not use any physical force or violence against any person or use any physical force or violence against any property.

Source Note: The provisions of this §83.859 adopted to be effective November 9, 2006, 31 TexReg 9014; amended to be effective November 4, 2010, 35 TexReg 9698.

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