Regulated consumer loans are made at rates of interest greater than 10%. Non-depository lenders who engage in making, transacting, or collecting loans with a rate of interest greater than 10% must be licensed by the OCCC. The most common types of regulated loans are made under one of two rate structures described in Chapter 342 of the Texas Finance Code
Resources
Apply for a License & Manage Existing License
Advisory Bulletins & Disclosures
Reviewed Regulated Loan Software Vendors
Accepted Regulated Loan Non-Standard Contracts
Statutes & Rules
These are the primary statutes and rules that apply to regulated lenders. This is not a complete list of laws that regulated lenders are required to comply with.
Primary State Statute
Chapter 342, Texas Finance Code: Consumer Loans
OCCC’s Rules
Title 7, Chapter 83, Texas Administrative Code
Title 7, Chapter 90, Texas Administrative Code (plain language contract provisions)
Other State Statutes
Texas Constitution and Statutes
Federal Statutes & Rules
U.S. Government Publishing Office
Renewal Dates
November 01 – Renewal Opens
December 31 – Renewal Closes
****Licenses not renewed by midnight will Expire***
January 01 –
*Licenses that are not renewed by December 31 may be reinstated* until February 28 at 11:59 p.m. Licenses not reinstated by this deadline will be designated Terminated Failed-To Renew.
*Reinstatement – $1,000 late filing fee + the renewal fee for each license you are reinstating in addition to any NMLS processing fees.
Annual Reports
Annual Report – due May 1.