SECTION 215.263. Sales Payment Disclosures

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An advertisement that contains the amount of any payment, including a down payment in either a percentage or dollar amount, or an advertisement that contains the number of payments, the period of repayment, or the amount of any finance charge must include the following:
(1) the amount or percentage of the down payment;
(2) the terms of repayment, from which the number of months to make repayment and the amount per month can be determined, including any balloon payment;
(3) the annual percentage rate (APR); and
(4) the amount of the APR, if increased, after consummation of the credit transaction.

Source Note: The provisions of this §215.263 adopted to be effective February 11, 2010, 35 TexReg 883; amended to be effective February 13, 2017, 42 TexReg 571

                    
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