Texas Administrative Code
Title 43 - TRANSPORTATION
Part 10 - TEXAS DEPARTMENT OF MOTOR VEHICLES
Chapter 215 - MOTOR VEHICLE DISTRIBUTION
Subchapter F - ADVERTISING
Section 215.263 - Sales Payment Disclosures
Universal Citation: 43 TX Admin Code ยง 215.263
Current through Reg. 49, No. 38; September 20, 2024
An advertisement that contains the amount of any payment, including a down payment in either a percentage or dollar amount, or an advertisement that contains the number of payments, the period of repayment, or the amount of any finance charge must include the following:
(1) the amount or percentage of the down payment;
(2) the terms of repayment, from which the number of months to make repayment and the amount per month can be determined, including any balloon payment;
(3) the annual percentage rate (APR); and
(4) the amount of the APR, if increased, after consummation of the credit transaction.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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