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TITLE 7 | BANKING AND SECURITIES |
PART 5 | OFFICE OF CONSUMER CREDIT COMMISSIONER |
CHAPTER 90 | CHAPTER 342, PLAIN LANGUAGE CONTRACT PROVISIONS |
SUBCHAPTER B | SECURED CONSUMER INSTALLMENT LOANS (SUBCHAPTER E) |
RULE §90.202 | Contract Provisions |
A Chapter 342, Subchapter E contract may include, but is not limited to, the following contract provisions to the extent not prohibited by law or regulation. If the licensee desires to exercise its rights under one of the following provisions, it must include the provision in the contract. A licensee who does not desire to apply a provision is not required to include it in the contract. For example, if a licensee does not take a security interest in the borrower's personal property, the provisions addressing security interests are not required. A licensee may also exclude non-relevant portions of a model clause. For example, a licensee who does not routinely finance certain insurance coverages may omit those non-applicable portions of the model clause. A Chapter 342, Subchapter E contract may contain the following provisions: |
Source Note: The provisions of this §90.202 adopted to be effective August 31, 2006, 31 TexReg 6673; amended to be effective September 9, 2010, 35 TexReg 8104; amended to be effective November 5, 2015, 40 TexReg 7635; amended to be effective July 9, 2020, 45 TexReg 4501 |