Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 5 - OFFICE OF CONSUMER CREDIT COMMISSIONER
Chapter 83 - REGULATED LENDERS AND CREDIT ACCESS BUSINESSES
Subchapter A - RULES FOR REGULATED LENDERS
Division 10 - DUTIES AND AUTHORITY OF AUTHORIZED LENDERS
Section 83.837 - Disclosure when Automobile Club Membership Offered in Connection with Loan
Current through Reg. 50, No. 26; June 27, 2025
(a) If an automobile club membership is offered in connection with a loan under Texas Finance Code, Chapter 342, Subchapter E, the disclosure contained in subsection (c) of this section is sufficient to satisfy the requirements of Texas Finance Code, § 342.457 if printed in a size equal to at least 10-point type that is boldfaced, capitalized, underlined, or otherwise set out from surrounding written material so as to be conspicuous.
(b) The text of the disclosure must be set in an easily readable typeface. Typefaces considered to be easily readable include Times, Scala, Caslon, Century Schoolbook, Helvetica, Arial, and Garamond.
(c) The lender must provide this disclosure in both English and Spanish to all borrowers who are offered an automobile club membership in connection with their loans. The automobile club membership disclosure must read as follows:
(d) The disclosure contained in subsection (c) of this section may be located in one of the following:
(e) Evidence of the borrower's intent to purchase an automobile club membership must be acknowledged in writing by the borrower's signature or initials on the document containing the disclosure.
