11.305 – RESEARCH. (a) The consumer credit commissioner
Texas Finance Code § 11.305
Summary
This law mandates the consumer credit commissioner to create a program that examines high-cost lending practices in Texas. It aims to assess the availability and quality of financial services for consumers and explore alternatives to high-cost lending options.
Establishes a program to study high-cost lending in Texas.
Evaluates the quality and availability of financial services.
Explores alternatives to high-cost lending practices.
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In simple terms: Learn about Texas's RESEARCH. (a) The consumer credit commissioner law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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