Examination Process

Non-depository lenders who make consumer loans fall under the Regulated Loan license of this agency are subject to regular examinations by the agency's field examiners. Lenders operating under Subchapter E (large loans) or Subchapter F (small loans) may take a security interest in personal property, motor vehicle title or may only require a signature of the borrower. Also, businesses who make loans under Subchapter G (second lien mortgages) are subject to the provisions of the Texas Finance Code, Chapter 342.  Currently, the majority of loan companies in Texas are examined approximately once every 18 to 24 months.

The OCCC regulates and issues licenses for lenders of these types of loans (listed by relevant Texas Finance Code chapter):

Chapter 342 Subchapter E (Consumer installment loans)
Chapter 342 Subchapter F (Signature and payday loans up to $1,340)
Chapter 342 Subchapter G (Secondary mortgage loans)
Chapter 348 (Motor vehicle sales financing)
Chapter 346 (Revolving credit accounts)

Businesses that conduct Chapter 345 (retail installment sales) or Chapter 347 (manufactured home sales financing transactions do not need to hold licenses; however, they must be registered with this agency as Registered Creditors.

Examination Accommodations

To better serve licensees and conduct examinations in the most efficient manner possible, we ask that you provide on-site examiners with an adequate workspace to include a suitable desk or table and chair, adequate lighting and convenient access to a 110-volt electrical outlet.