Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) A retailer or broker:
(1) shall comply with Subtitles A 1 and B, 2 Title 4, Finance Code, and the Truth in Lending Act (15 U.S.C. Section 1601 et seq.);
(2) may not advertise an interest rate or finance charge that is not expressed as an annual percentage rate; and
(3) shall comply with all applicable provisions of the Finance Code.
(b) A violation of this section does not create a cause of action or claim for damages for a consumer. The consumer may not recover more than the penalties provided by Subtitles A and B, Title 4, Finance Code, and the Truth in Lending Act (15 U.S.C. Section 1601 et seq.).
Cite this article: FindLaw.com - Texas Occupations Code - OCC § 1201.506. Credit - last updated April 14, 2021 | https://codes.findlaw.com/tx/occupations-code/occ-sect-1201-506.html
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