Refund anticipation lenders facilitate loans against anticipated tax refunds. They also:
- Must be engaged in business of preparing tax returns
- Must display and discuss fee schedule(s)
- Often use a federal pre-emption structure
Registrations and Renewals
Register, renew, and make changes via ALECS.
If your RAL registration has expired, simply register again.
If instructed to do so by OCCC staff, send amendment form.
Examination and Enforcement
There is no examination authority over registered creditors, but the agency does possess investigative authority and may inspect business records through the receipt of a complaint.
A regulated loan license exempts registration requirements for some industries and those records may be examined as part of a routine exam of a license holder’s business.
Statutes & Rules
These are the primary statutes and rules that apply to refund anticipation loan facilitators. This is not a complete list of laws that refund anticipation loan facilitators are required to comply with.
Primary State Statute
Chapter 352, Texas Finance Code: Tax Refund Anticipation Loans
Title 7, Chapter 87, Texas Administrative Code
Other State Statutes
Texas Legislature Online
Federal Statutes & Rules
U.S. Government Publishing Office