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Texas Occupations Code - OCC § 1201.506. Credit

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.).

1 V.T.C.A., Finance Code § 301.001 et seq.
2 V.T.C.A., Finance Code § 341.001 et seq.
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Cite this article: FindLaw.com - Texas Occupations Code - OCC § 1201.506. Credit - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-1201-506/

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