SECTION 90.702. Negotiation in Spanish

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(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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