Tex. Fin. Code § 393.602 · Subchapter G. LICENSING AND REGULATION OF CERTAIN CREDIT SERVICES ORGANIZATIONS
APPLICABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This subchapter applies only to a credit services organization that, with respect to a consumer who is located in this state at the time of the transaction, obtains for a consumer or assists a consumer in obtaining an extension of consumer credit in the form of:
(1) a deferred presentment transaction; or
(2) a motor vehicle title loan.
(b) A credit access business may assess fees for its services as agreed to between the parties. A credit access business fee may be calculated daily, biweekly, monthly, or on another periodic basis. A credit access business is permitted to charge amounts allowed by other laws, as applicable. A fee may not be charged unless it is disclosed.
(c) A person may not use a device, subterfuge, or pretense to evade the application of this subchapter. A lawful transaction governed under another statute, including Title 1, Business & Commerce Code, does not violate this subsection and may not be considered a device, subterfuge, or pretense to evade the application of this subchapter.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 82, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.393.htm
- Text hash
- sha256 608f730179646160b0c55fbee4a68218d20699eef46169982f20f1610f0c9358
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business & Commerce Code
Cited by 7 provisions
Provisions in this library whose text cites Tex. Fin. Code § 393.602. Each shows the citation as that text prints it.
Finance Code
- Tex. Fin. Code § 393.201FORM AND TERMS OF CONTRACT.Printed as Section 393.602(a)
- Tex. Fin. Code § 393.603LICENSE REQUIRED.Printed as Section 393.602(a)
- Tex. Fin. Code § 393.604APPLICATION FOR LICENSE.Printed as Section 393.602(a)
- Tex. Fin. Code § 393.622RULES.Printed as Section 393.602(a)
- Tex. Fin. Code § 393.625MILITARY BORROWERS.Printed as Section 393.602(a)
- Tex. Fin. Code § 393.626DEBT COLLECTION PRACTICES.Printed as Section 393.602(a)
- Tex. Fin. Code § 393.627QUARTERLY REPORT TO COMMISSIONER.Printed as Section 393.602(a)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.