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 83.838 - Loans with Multiple Advances
Universal Citation: 7 TX Admin Code § 83.838
Current through Reg. 50, No. 26; June 27, 2025
(a) Definition. In this section, "multiple-advance loan" means a loan agreement subject to Texas Finance Code, Chapter 342, under which more than one loan or advance may be made to a borrower from time to time.
(b) Requirements for multiple-advance loans. In connection with a multiple-advance loan, an authorized lender must comply with the interest limitations, disclosure requirements, and other requirements provided in Texas Finance Code, § 342.455.
(c) Loans not covered. The following loans are not subject to this section or to Texas Finance Code, § 342.455:
(1) loans in which all advances occur on the same date; and
(2) loans in which all advances after the initial advance occur because of the borrower's default (e.g., collateral protection insurance fees, repossession fees, court costs).
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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