SECTION 83.6004. Fee Schedule Content

(a) Required information. For three to five examples of the most common loans transacted by a credit access business, the business must post the following under Texas Finance Code, §393.222(a)(1):

(1) standard fee rate;

(2) annual percentage rate (APR);

(3) any additional fees charged at the inception of the loan;

(4) standard loan term; and

(5) any late fees or nonsufficient funds fees, if charged.

(b) Schedule required for each product. All information required by subsection (a) of this section must be posted for each loan product offered by the credit access business.

(c) Additional information permitted. Additional information may be included on the fee schedule at the option of the credit access business as long as it is not misleading.

Source Note: The provisions of this §83.6004 adopted to be effective January 5, 2012, 36 TexReg 9294