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 11 - PROHIBITIONS ON AUTHORIZED LENDERS
Section 83.852 - Loan Size, Duration, and Schedule of Installments: Limitation
Universal Citation: 7 TX Admin Code § 83.852
Current through Reg. 50, No. 13; March 28, 2025
When making or negotiating a loan under Texas Finance Code, Chapter 342, licensees must consider, in determining the size, duration, and schedule of installments of a loan, the financial ability of the borrower to repay the loan. The lender should evaluate whether the borrower should be reasonably able to repay the loan in cash in the time and means provided in the loan contract and repay all other known obligations concurrently.
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