Tex. Finance Code § 393.627
QUARTERLY REPORT TO COMMISSIONER
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 393.627, QUARTERLY REPORT TO COMMISSIONER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/648039
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Full text
A credit access business shall file a quarterly report with the commissioner on a form prescribed by the commissioner that provides the following information relating to extensions of consumer credit described by Section 393.602(a) during the preceding quarter:
(1) the number of consumers for whom the business obtained or assisted in obtaining those extensions of consumer credit;
(2) the number of those extensions of consumer credit obtained by the business or that the business assisted consumers in obtaining;
(3) the number of refinancing transactions of the extensions of consumer credit described by Subdivision (2);
(4) the number of consumers refinancing the extensions of consumer credit described by Subdivision (2);
(5) the number of consumers refinancing more than once the extensions of consumer credit described by Subdivision (2);
(6) the average amount of the extensions of consumer credit described by Subdivision (2);
(7) the total amount of fees charged by the business for the activities described by Subdivision (1);
(8) the number of vehicles surrendered or repossessed under the terms of an extension of consumer credit in the form of a motor vehicle title loan obtained by the business or that the business assisted a consumer in obtaining;
(9) the mean, median, and mode of the number of extensions of consumer credit obtained by consumers as a result of entering into the extensions of consumer credit described by Subdivision (2); and
(10) any related information the commissioner determines necessary.