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Home > Title 7 > Part 5 > Chapter 90 >Subchapter G > Rule 90.702
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 §90.702 - Negotiation in Spanish
Chapter Review Date 10/28/2022

(a) Negotiation terms. The disclosure specified in §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 §90.703 of this title if a creditor advertises credit terms in Spanish that are specified in this section.

Source Note: 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.

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