| Citation: |
7 Tex. Admin. Code 1.605; Tex. Fin. Code Ann. 342.251 et seq. and 342.601 et seq. |
| Loan Terms |
|
| Maximum Loan Amount: |
Not specified |
| Loan Term: |
7 - 31 days |
| Maximum Finance Rate and Fees: |
$10 per loan + 48% annual interest |
| Max Finance Charge for 14-day $100 loan: |
$12 |
| APR for 14-day $100 loan: |
309% |
|
|
| Debt Limit |
|
| Max # of Loans at One Time: |
Not Specified ($500 aggregate loans outstanding to all licensees) |
| Rollovers Permitted: |
None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note) |
|
|
| Cooling-off Period: |
Not specified |
| Repayment Plan: |
Not specified |
|
|
| Collection Limits |
|
| Collection Fees: |
Not specified |
| Criminal Action: |
Not specified |
|
|
| Contact information |
|
| Regulator |
Texas Office of Consumer Credit Commissioner |
| Address |
2601 N. Lamar Blvd. Austin TX 78705 |
| Phone |
(512) 936-7600 |
| Fax |
(512) 936-7610 |
| Website: |
TXOCCC |
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