(a) Scope. This division applies to all precomputed loan transactions made pursuant to Texas Finance Code, Chapter 342, Subchapters E, F, and G. This division is inapplicable to interest-bearing loans made under Texas Finance Code, Chapter 342.(b) Refund methods for Chapter 342, Subchapter F and G loans. The chosen method of determining refunds must be contracted for in the loan agreement. An authorized lender may utilize one of the following methods of determining the amount of a refund: (1) the sum of the periodic balances method;(2) the scheduled installment earnings method; or(3) the true daily earnings method.(c) Refund method for Chapter 342, Subchapter E loans. An authorized lender may not use the sum of the periodic balances method for a Subchapter E loan.7 Tex. Admin. Code § 83.751
The provisions of this §83.751 adopted to be effective November 9, 2006, 31 TexReg 8999; amended to be effective November 4, 2010, 35 TexReg 9698; amended to be effective July 10, 2014, 39 TexReg 5142