Texas § FI.393.627 - QUARTERLY REPORT TO COMMISSIONER

§ FI.393.627. QUARTERLY REPORT TO COMMISSIONER

QUARTERLY REPORT TO COMMISSIONER. A credit access business shall file a quarterly report with the commissioner on a form prescribed by the commissioner that provides the following information relating to extensions of consumer credit described by Section 393.602 (a) during the preceding quarter: (1) the number of consumers for whom the business obtained or assisted in obtaining those extensions of consumer credit; (2) the number of those extensions of consumer credit obtained by the business or that the business assisted consumers in obtaining; (3) the number of refinancing transactions of the extensions of consumer credit described by Subdivision (2); (4) the number of consumers refinancing the extensions of consumer credit described by Subdivision (2); (5) the number of consumers refinancing more than once the extensions of consumer credit described by Subdivision (2); (6) the average amount of the extensions of consumer credit described by Subdivision (2); (7) the total amount of fees charged by the business for the activities described by Subdivision (1); (8) the number of vehicles surrendered or repossessed under the terms of an extension of consumer credit in the form of a motor vehicle title loan obtained by the business or that the business assisted a consumer in obtaining; (9) the mean, median, and mode of the number of extensions of consumer credit obtained by consumers as a result of entering into the extensions of consumer credit described by Subdivision (2); and (10) any related information the commissioner determines necessary. Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594 ), Sec. 2, eff. January 1, 2012.