A credit access business shall file a quarterly report with the commissioner on a form prescribed by the commissioner that provides the following information relating to extensions of consumer credit described by Section 393.602(a) during the preceding quarter:
- (1) the number of consumers for whom the business obtained or assisted in obtaining those extensions of consumer credit;
- (2) the number of those extensions of consumer credit obtained by the business or that the business assisted consumers in obtaining;
- (3) the number of refinancing transactions of the extensions of consumer credit described by Subdivision (2);
- (4) the number of consumers refinancing the extensions of consumer credit described by Subdivision (2);
- (5) the number of consumers refinancing more than once the extensions of consumer credit described by Subdivision (2);
- (6) the average amount of the extensions of consumer credit described by Subdivision (2);
- (7) the total amount of fees charged by the business for the activities described by Subdivision (1);
- (8) the number of vehicles surrendered or repossessed under the terms of an extension of consumer credit in the form of a motor vehicle title loan obtained by the business or that the business assisted a consumer in obtaining;
- (9) the mean, median, and mode of the number of extensions of consumer credit obtained by consumers as a result of entering into the extensions of consumer credit described by Subdivision (2); and
- (10) any related information the commissioner determines necessary.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.