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Home > Title 7 > Part 5 > Chapter 90 >Subchapter G > Rule 90.701
TITLE 7 - BANKING AND SECURITIES
PART 5 - OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 90 - CHAPTER 342, PLAIN LANGUAGE CONTRACT PROVISIONS
SUBCHAPTER G - SPANISH DISCLOSURES
SECTION/RULE §90.701 - Applicability
Chapter Review Date 10/28/2022

(a) If a contract for a loan under Chapter 342, Subchapters E, F, or G is negotiated in Spanish, then the licensee must deliver a Spanish disclosure specified in §90.703(a) of this title (relating to Form of Disclosure) to the debtor.(b) If a retail installment transaction under Chapter 348 is negotiated in Spanish, then the licensee may (but is not required to) deliver a Spanish disclosure specified in §90.703(b) of this title to the debtor.(c) The disclosure requirement does not apply to open-end transactions.

Source Note: The provisions of this §90.701 adopted to be effective August 31, 2006, 31 TexReg 6707; amended to be effective September 9, 2010, 35 TexReg 8104; amended to be effective November 5, 2015, 40 TexReg 7635.

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