Section 83.6008 - Permissible Changes(a) A credit access business must use the required disclosures under Texas Finance Code, § RSA 393.223 as prescribed by Figures: 7 TAC § RSA 83.6007(a) - (d) of this title (relating to Consumer Disclosures), but may consider making only limited technical changes, as provided by the following exclusive list: (1) Filling in any dollar amounts, interest rates, or other terms specific to the three to five most common loans for each of the products offered by the credit access business;(2) Substituting the pronouns used to denote the consumer by substituting words such as "you" and "your" for "I" and "my," along with appropriate grammatical changes;(3) Adding an optional, dated signature block at the very bottom of the disclosure form, which must include the following statement directly above the signature line of the consumer: "ACKNOWLEDGMENT OF RECEIPT: By signing below, I acknowledge only that I have received a copy of this disclosure prior to signing any contract for a payday or auto title loan, this ___ day of _____, 20__."(4) Combining the Texas Finance Code, § RSA 393.223 disclosure with the federal disclosure regarding military borrowers under RSA 987 and 32 C.F.R. Part 232;(5) Combining the Texas Finance Code, § RSA 393.223 disclosure with the federal disclosure requirements for advertising under the Truth in Lending Act, RSA 1632(a), and Regulation Z, RSA 1026.24;(6) a form number indicating the version of the form, the date the form was produced, or both.(b) A credit access business may make changes other than those specified in subsection (a) only if the OCCC has approved the changes in writing.(c)The permissible changes allowed by this section must not result in decreasing a font size by more than one point or a chart size by more than 10% from the required disclosure. Permissible changes cannot otherwise interfere with the presentation or layout of the disclosed information.(d) The comparison information regarding alternative forms of debt required by Texas Finance Code, § RSA 393.223(a)(1) and the information regarding the typical pattern of repayment required by Texas Finance Code, § RSA 393.223(a)(3) will be periodically updated by the OCCC. Updated consumer disclosures required by § RSA 83.6007 of this title will be posted on the OCCC website.7 Tex. Admin. Code § 83.6008
The provisions of this §83.6008 adopted to be effective January 5, 2012, 36 TexReg 9294; Amended by Texas Register, Volume 41, Number 10, March 4, 2016, TexReg 1678, eff. 3/10/2016