Registered Creditors

If you have specific legal questions, please seek the advice of an attorney.

Some retailers act as creditors, financing the sales of their goods and services by allowing their customers to make payments over time.

Texas law requires creditors who originate, service, or collect on retail installment agreements to register with the Office of Consumer Credit Commissioner (OCCC) within 60 days from the time they begin financing. 

Retailers that provide financing through third-party lenders are also required to register.

Acquiring A Registration & Existing Registrants

Businesses wishing to act as creditors can register by creating an account and submitting an application using ALECS.

Renewal Information

To complete the annual renewal, log in to ALECS, click on Manage My Business and Renew Registration in the next screen. Select your registration type, check the disclaimer box and complete your payment. .

The registration & annual renewal fees are:

$15 for manufactured housing :
Creditors whose financing is governed by Chapter 347 of the Texas Finance Code.
$10 for all others
Creditors whose financing is governed by Chapter 345 of the Texas Finance Code.

Step by Step How to Guide- Online Renewal

Advisory Bulletins

OCCC Notice on Retail Installment Contracts (Jan. 15, 2016)
Motorcycle Dealers: Registration and Documentary Fees (July 22, 2014)
Increased Documentary Fee (Aug. 27, 2013)

Debt Cancellation Agreements

Form Submission Information and Resources

Statutes & Rules

These are the primary statutes and rules that apply to registered creditors. This is not a complete list of laws that registered creditors are required to comply with.

Primary State Statutes
Chapter 345, Texas Finance Code: Retail Installment Sales
Chapter 347, Texas Finance Code: Manufactured Home Credit Transactions

OCCC's Rules
Title 7, Chapter 86, Texas Administrative Code

Other State Statutes
Texas Constitution and Statutes

Federal Statutes & Rules
U.S. Government Publishing Office