Texas Finance Code 393.622 – Rules
(a) The finance commission may:
(1) adopt rules necessary to enforce and administer this subchapter;
(2) adopt rules with respect to the quarterly reporting by a credit access business licensed under this subchapter of summary business information relating to extensions of consumer credit described by § 393.602(a); and
(3) adopt rules with respect to periodic examination by the office relating to extensions of consumer credit described by § 393.602(a), including rules related to charges for defraying the reasonable cost of conducting the examinations.
(b) The finance commission may adopt rules under this section to allow the commissioner to review, as part of a periodic examination, any relevant contracts between the credit access business and the third-party lender organizations with which the credit access business contracts to provide services described by § 393.602(a) or from which the business arranges extensions of consumer credit described by § 393.602(a). A contract or information obtained by the commissioner under this section is considered proprietary and confidential to the respective parties to the contract, and is not subject to disclosure under Chapter 552, Government Code.
Terms Used In Texas Finance Code 393.622
- Contract: A legal written agreement that becomes binding when signed.
(c) Nothing in § 393.201(c) or Sections 393.601-393.628 grants authority to the finance commission or the Office of Consumer Credit Commissioner to establish a limit on the fees charged by a credit access business.