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 83.859 - Collection Practices
Universal Citation: 7 TX Admin Code § 83.859
Current through Reg. 50, No. 26; June 27, 2025
(a) In attempting to collect money due on a loan or to take possession of any property securing a loan, a licensee or the licensee's agent must not use any means other than appeals to reason or lawful remedies authorized under the laws of this state. The licensee is also bound by the remedies prescribed in any instrument securing the loan.
(b) A licensee or the licensee's agent must not use any physical force or violence against any person or use any physical force or violence against any property.
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