7 Tex. Admin. Code § 84.805

Current through Reg. 49, No. 50; December 13, 2024
Section 84.805 - Other Disclosures Required by Commission Rule
(a) The OCCC notice required by § RSA 86.101 of this title (relating to Consumer Notifications) must be disclosed.
(b) In a contract using the true daily earnings method, a brief description of the method of earning finance charge must be given. In a contract using the scheduled installment earnings method or the sum of the periodic balances method of refunding precomputed finance charges, the name of the method used must be given, and at the creditor's option, a description of that method may be given. If in the same contract form, the creditor uses the scheduled installment earnings method in certain circumstances and the sum of the periodic balances method in other circumstances, the creditor must provide a brief description of the circumstances under which each method will be used, along with the name of the method.

7 Tex. Admin. Code § 84.805

The provisions of this §84.805 adopted to be effective May 8, 2008, 33 TexReg 3584; amended to be effective November 8, 2012, 37 TexReg 8780; Amended by Texas Register, Volume 40, Number 44, October 30, 2015, TexReg 7627, eff. 11/5/2015