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TITLE 7BANKING AND SECURITIES
PART 5OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 90CHAPTER 342, PLAIN LANGUAGE CONTRACT PROVISIONS
SUBCHAPTER GSPANISH DISCLOSURES
RULE §90.702Negotiation in Spanish
(a) Negotiation terms. The disclosure specified in §90.703 of this title (relating to Form of Disclosure) must be given if a licensee provides information in relation to a credit transaction with a debtor or the debtor's representative regarding any of the following credit terms in Spanish:

  (1) amount financed;

   (2) finance charge;

   (3) annual percentage rate;

   (4) the amount of any payment or schedule of payments;

   (5) total of payments; or

   (6) security interest.

 (b) Advertising exception. A licensee is not required to provide a disclosure specified in §90.703 of this title if a creditor advertises credit terms in Spanish that are specified in this section.
Source Note: The provisions of this §90.702 adopted to be effective August 31, 2006, 31 TexReg 6707; amended to be effective September 9, 2010, 35 TexReg 8104

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