(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.
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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 |