| (a) Definitions. The words "make," "negotiate," "arrange,"
and "collect" as used in Texas Finance Code, §351.053(b) are
to be construed according to the definitions contained in §89.204(a)
of this title (relating to Multiple Licenses).
(b) Application. Any office, wherever located, making,
negotiating, arranging, or collecting loans by mail must be licensed.
For example, if a lender receives and reviews loan applications at
one office, makes the loan decision at another office, funds the loan
at a third, and collects past-due payments from another, all of these
offices involved in lending by mail must be licensed. On the other
hand, an office that merely receives, records, accounts for, and processes
payments need not be licensed.
(c) Internet loans. For purposes of Texas Finance Code, §351.053(b),
a loan made, negotiated, arranged, or collected by or through the
Internet is considered a "loan by mail."
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