Regulated Lenders: Advisory Bulletins & Disclosures

General Advisory Bulletins

---

Maximum Administrative Fee & Acquisition Charge (July 11, 2024)

Remote Work from Unlicensed Locations (Sept. 2, 2021)

Single Equivalent Daily Rate (Sept. 12, 2019)

 

Home Equity Loan Advisory Bulletins

---

Home Equity Lending: COVID-19 Emergency Measures (revised Nov. 30, 2020)

Home Equity Loan Modification Bulletin (Apr. 2009)

Home Equity Regulatory Commentary (Oct. 1998)
Note: This commentary has been replaced by interpretations adopted at Texas Administrative Code, Title 7, Chapters 151–153. It is provided here for historical purposes.

 

Home Equity Loan Disclosures

---

Consumer Disclosure: English Version (to be used starting Jan. 1, 2018)
Consumer Disclosure: Spanish Version (to be used starting Jan. 1, 2018)
Refinance Disclosure: English Version (to be used starting Jan. 1, 2018)
Refinance Disclosure: Spanish Version (to be used starting Jan. 1, 2018)

12-Day Waiting Period: The Texas Constitution requires a 12-day waiting period before a home equity loan can be closed. The 12-day period begins after the borrower has filed a loan application AND received the required consumer disclosure. For example, if the potential borrower submits an application on Monday, but doesn’t receive the consumer disclosure until Wednesday, then the 12-day waiting period would begin on Wednesday. Once the waiting period has passed, the loan can be closed.

Spanish Disclosures: If discussions with the borrower are conducted primarily in Spanish, then OCCC licensees may use the Spanish version of the consumer disclosure. Additional Spanish disclosures are required for certain loans made under Chapter 342 of the Texas Finance Code. See Texas Administrative Code, Title 7, Chapter 90, Subchapter G.