1. (a) In each advertisement that purports to offer credit regulated by this subtitle, Subtitle C, or Chapter 394, the advertiser shall disclose the legal or registered name of the advertiser and:

   1. (1) shall disclose the street address of the advertiser's place of business unless the advertisement:

      1. (A) is located on the premises of the advertiser's place of business; or
      2. (B) is broadcast by radio or television; or

   2. (2) if the advertisement is broadcast by radio or television, shall:

      1. (A) disclose the telephone number of the advertiser; and
      2. (B) comply with the applicable disclosure requirements of Regulation Z (12 C.F.R. Parts 226 and 1026).

2. (b) This section does not apply to:

   1. (1) a federally insured depository institution; or
   2. (2) a person engaged in interstate commerce who advertises under a generally recognized trade name, abbreviated form of a trade name, or logo.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371), Sec. 8, eff. September 1, 2023.