<<Prev Rule

Texas Administrative Code

Next Rule>>
TITLE 7BANKING AND SECURITIES
PART 5OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 88CONSUMER DEBT MANAGEMENT SERVICES
SUBCHAPTER COPERATIONAL REQUIREMENTS
RULE §88.305Prohibited Acts and Practices

It is not a prohibited practice for a provider to, as an incidental consequence of managing the trust account and debt obligations, pay an obligation for a consumer that the consumer does not have a sufficient deposit to cover, when no fee is associated with the payment. A payment under these conditions does not constitute lending money to the consumer under Texas Finance Code, §394.212(3).


Source Note: The provisions of this §88.305 adopted to be effective January 5, 2006, 30 TexReg 8863; amended to be effective January 2, 2014, 38 TexReg 9488

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page