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TITLE 7BANKING AND SECURITIES
PART 5OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 83REGULATED LENDERS AND CREDIT ACCESS BUSINESSES
SUBCHAPTER ARULES FOR REGULATED LENDERS
DIVISION 8REFUNDS FOR PRECOMPUTED LOANS
RULE §83.752Specific Application to Subchapter E and G Loans
(a) Interest subject to refund. Precomputed interest in Texas Finance Code, Chapter 342, Subchapter E and G loans is subject to refund.

(b) Interest or fees not subject to refund.

  (1) Administrative fees. Administrative fees authorized by Texas Finance Code, §342.201(f) and §342.308(c) are not subject to refund.

  (2) Per diem interest. Per diem interest on odd days in the first installment period is not subject to being refunded if the per diem interest for the first installment period has been earned and collected during the first installment period.

  (3) Refunds less than $1. Refunds of unearned interest are not required when a partial prepayment is made or when the sum of interest to be refunded is less than $1.

Source Note: The provisions of this §83.752 adopted to be effective November 9, 2006, 31 TexReg 8999; amended to be effective November 4, 2010, 35 TexReg 9698; amended to be effective July 10, 2014, 39 TexReg 5142

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