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 Cancel***
January 01 – Reinstatement* period opens
Licenses not renewed by December 31 have 180 days after the cancellation date at midnight to reinstate* their cancelled license(s). Licenses not reinstated not later than the 180th day after its expiration date (December 31) will Cancel-Non Renewable and you will need to reapply.
*Reinstatement – $1,000 late filing fee + the renewal fee for each license you are reinstating.
Annual Reports
Annual Report – due May 1.