1. (a) The creditor may at its option provide a debtor one of the following:

   1. (1) a Spanish translation of the contract form that includes a Spanish translation of the disclosure form under 12 C.F.R. §226.18;
   2. (2) for transactions subject to Chapter 342, Subchapter E, a copy of the "Notificación de Crédito Al Consumidor (Préstamo a Plazos)" as prescribed in Figure: 7 TAC §90.703(a)(2);
      Attached Graphic
      

   3. (3) for transactions subject to Chapter 342, Subchapter F:

      1. (A) a copy of the "Notificación de Crédito Al Consumidor (Préstamo)," as prescribed in Figure: 7 TAC §90.703(a)(3)(A), selecting the appropriate late charge payment option; and
         Attached Graphic
         

         1. (i) Late Charge Option 1: "Late Charge: If I don't pay an entire payment within 10 days after it is due, you can charge me a late charge. The late charge will be 5% of the scheduled payment."
         2. (ii) Late Charge Option 1 Spanish Translation: "Cargos por Retrasos: Si no doy un pago completo dentro de 10 días después de vencerse, me puedes cobrar un cargo por retraso. El cargo por retraso será el 5% de la cantidad del pago."
         3. (iii) Late Charge Option 2: "Late Charge: For a loan that has an amount financed of less than $100, the late charge for a payment that is unpaid for 10 days after it is due is 5% of the amount of the installment. For a loan that has an amount financed of $100 or more, the late charge for a payment that is unpaid for 10 days after it is due is the greater of $10 or 5% of the amount of the installment."
         4. (iv) Late Charge Option 2 Spanish Translation: "Cargos por Retrasos: Para un préstamo en el cual la cantidad financiada es menor de $100, el cargo por retraso en un pago que no se liquida por 10 días después de vencerse es 5% de la cantidad del pago. Para un préstamo en el cual la cantidad financiada es de $100 o más, el cargo por retraso en un pago que no se liquida por 10 días después de vencerse es de $10 o 5% de la cantidad del pago atrasado, lo que sea mayor."
      2. (B) a copy of the "Conceptos Financieros," as prescribed in Figure: 7 TAC §90.703(a)(3)(B);
         Attached Graphic
         
   4. (4) for transactions subject to Chapter 342, Subchapter G, a copy of the "Notificación de Crédito Al Consumidor (Préstamo de Segunda Hipoteca)" as prescribed in Figure: 7 TAC §90.703(a)(4); or
      Attached Graphic
      
   5. (5) for transactions subject to Chapter 348, a copy of the "Notificación de Crédito Al Consumidor (Contrato de Menudeo a Plazos para Vehículo Automotor)" as prescribed in Figure: 7 TAC §90.703(a)(5), selecting the appropriate late charge payment option.
      Attached Graphic
      
2. (b) Creditors may delete inapplicable provisions contained in the model disclosure. Creditors may also delete any of the English portions of Figure: 7 TAC §90.703(a)(4) or the lower portion of the disclosure below the payment schedule box of Figure 7 TAC §90.703(a)(3)(A).

Source Note:The provisions of this §90.703 adopted to be effective August 31, 2006, 31 TexReg 6707.