Texas § 1201.506 CREDIT.

Texas Statutes

§ 1201.506 — CREDIT.

Texas § 1201.506

Code OCOccupations Code

This text of Texas § 1201.506 (CREDIT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Occupations Code Code Ann. § 1201.506 (2026).

Text

Sec. 1201.506. CREDIT.

(a)A retailer or broker:

(1)shall comply with Subtitles A and B, 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.).

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Sec. 1201.506. CREDIT. (a) A retailer or broker:
(1) shall comply with Subtitles A and B, 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.).

Legislative History

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 863 (H.B. 1460 ), Sec. 59, eff. January 1, 2008.