1. (a) If a contract for loan under Chapter 342, Subchapters E, F, or G is negotiated in Spanish, then a licensee must deliver a disclosure to the debtor in Spanish no later than consummation of the contract.
2. (b) If a retail installment transaction under Chapter 348 is negotiated in Spanish, then a creditor, may but is not required to, deliver a disclosure specified in §90.703 of this title (relating to Form of Disclosure) to the debtor in Spanish.
3. (c) The disclosure requirement does not apply to open-end transactions.

Source Note:The provisions of this §90.701 adopted to be effective August 31, 2006, 31 TexReg 6707.