Archive of "What's New" Items
April 18, 2012
CAB Advisory Bulletin: Quarterly Report Deadline
April 5, 2012: CAB Quarterly Reporting Guidelines
The web portal that allows for submitting credit access business (CAB) quarterly reports is now available and data reporting is currently ongoing. Each CAB is encouraged to create user accounts and to become familiar with CAB reporting requirements before submitting data. CABs with multiple locations must report data on each individual location.
Click here for more information on how to submit data, deadlines, and report submission options. Should you have any questions regarding quarterly reporting, you may contact Karl Hubenthal at 512.936.7652 or CABReporting@occc.statetx.us.
April 2, 2012: CAB Quarterly and Annual Reporting
In accordance with Section 393.627 of the Texas Finance Code, all credit access businesses are required to submit data reports related to the extensions of credit. First quarter reporting is now ongoing and must be submitted by April 30, 2012. Reporting data can be entered by following the link above. If you have any questions, you may contact us at 512-936-7652 or by email.
March 20, 2012: CAB Advisory Bulletin: Licensing Deadlines
February 2, 2012: Annual Report Forms
Property Tax & Regulated Lenders
Annual Report forms and acompanying instructions are now available for Property Tax Lenders and Regulated Lenders. These forms are within under the "Credit Industry Services" section of the agency's website. You may access this section by clicking here or by selecting the Credit Industry Services tab at the top of this page.
Property Tax Lenders must submit annual reports by March 31, 2012
Regulated Lenders must
submit annual reports by May 1, 2012
January 31, 2012
Crafted Precious Metal Dealer: Weights & Measures Program
The Texas Department of Agriculture (TDA) requires that all commercially used weighing or measuring devices be registered, including those used by crafted precious metal dealers. Visit the TDA's Weights and Measures Program for more information.
December 19, 2011
Crafted Precious Metal Dealer Registration (CPMD) Site Now Available
Effective January 1, 2012, all Crafted Precious Metal Dealers are required to register with the Office of Consumer Credit Commissioner (OCCC). Registration application links are now available through the OCCC website. The links can be accessed by clicking here, or by selecting "Credit Industry Services" above and then locating the Crafted Precious Metal Dealer section.
Note: All CPMD registrations are completed and submitted through the Texas Department of Public Safety (TxDPS) Precious Metals portal. After selecting the appropriate registration link, you will be redirected to the TxDPS Precious Metals portal. Ensure you do not register through the Metals Recycling program/portal on the TxDPS site.
November 17, 2011
Consumer Disclosure Forms - Credit Access Businesses
The OCCC needs your help!
Consumers looking to borrow money through payday loans are given various disclosures containing the basic facts about the loan they've applied for. We want your feedback and help in designing a simple dislcosure that tells of the potential costs of payday loans, how long it may take to repay a loan, and how costs of other borrowing options may compare those of payday loans.
Take a few moments to view the proposed formats for consumer disclosure forms and tell us what you think. (Links are no longer available as of 12/14/11)
October 29, 2011
Credit Access Business (CAB) License Applications Available
Application forms for Credit Access Business Licenses are now available through the OCCC website. The forms can be accessed by clicking here, or by selecting "Credit Industry Services" above and then locating the Credit Access Business section. Applications may be submitted electronically via email, or may be printed and submitted via postal or delivery service.
Instructions and a checklist are provided, which outline the steps to be taken for either electronic or postal and delivery service submissions. If applications are submitted electronically, a signed consent form and payment must be received within ten (10) of submission or the application will not be accepted.
October 26, 2011
Refund Anticipation Loan Facilitators: Renew or Register by Dec 31, 2011
Refund Anticipation Loan (RAL) facilitators may register or renew online at this time. All registrations or renewals must be received by December 31, 2011.
Approved Debt Cancellation Agreement Forms
A listing of approved Debt Cancellation Agreement (DCA) forms is now available and can be accessed by clicking here, or by locating "Approved Debt Cancellation Agreement Forms" under Credit Indistry Services (link located at top of this page) and then Motor Vehicle Sales Financing.
October 17, 2011
Motor Vehicle Dealer Education
The first of several self-paced learning modules for motor vehicle dealers is now available through the OCCC's website.
Learn which dealers are required to obtain a motor vehicle sales finance license under Chapter 348; discover what is considered to be a retail installment contract; and learn the defintion of a motor vehicle as it relates to retail installment contracts.
The learning module is provided in both a movie format and as a PDF file, and can be completed in ten to fifteen minutes.
To access the material, click here or select "Credit Industry Services" at the top of this page, and then locate "Dealer Education: Licensing Requirements" under the column entitled "Motor Vehicle Sales Financing".
September 21, 2011
Precious Metal Dealers Public Hearing Notice-Friday, September 30, 2011
September 1, 2011
Comments Received from August Stakeholders Meeting
Credit Access Businesses (Payday & Auto Title Lenders) - Comments Received Regarding Disclosures
August 9, 2011
How to Submit a Debt Cancellation Agreement Form
Property Tax Lending Advisory Bulletin: Delivery of Sworn Document to Mortgagee and Mortgage Servicer
Property Tax Lending Advisory Bulletin: "SB 762 and Post-Closing Fees
July 26, 2011
Notice of Public Hearing on FY 2012 Budget
Proposed Budget for Fiscal 2012
July 19, 2011
Comments Received from July Stakeholders Meetings
Crafted Precious Metal Dealers - Comments Received
Credit Access Businesses (Payday & Auto Title Lenders) - Comments Received
June 24, 2011
Upcoming Stakeholders Meetings
Crafted Precious Metal Dealers - July 7, 2011
Credit Access Businesses (Payday & Auto Title Lenders) - July 14, 2011
May 9, 2011
Notice of Pawnshop Rule Change
As required by Texas Finance Code, §371.006, the Office of Consumer Credit Commissioner is notifying pawnshops of rule amendments affecting pawnshop operations adopted by the Finance Commission of Texas at its meeting on April 15, 2011. These amendments to §85.402, concerning Recordkeeping, are to be effective on June 6, 2011.
February 21, 2011
June 6, 2010
Time for motor vehicle sales finance renewal.
As indicated within the renewal packet the assessment fees have been adjusted as authorized by 7 TAC §84.611. These fee changes were adopted by the Finance Commission at the February 19, 2010 meeting. Prior to the adoption the agency held stakeholder meetings and asked for pre-comment on the proposed changes. Additionally, comments regarding the proposed changes were submitted during the official comment period as required by Texas Government Code §2001.023. All comments were considered prior to the rule’s final adoption. As part of the comments submitted, it was suggested, if possible, that the first year assessment be reduced. The agency reviewed its revenue and expenditure levels and agreed; thereby providing a 20% discount on this year’s assessment fee.Motor Vehicle Advisory Bulletin: Documentary Fee, Reasonableness Standards Rule- Issued March 17, 2010
Motor Vehicle Advisory Bulletin: Disclosure of Equity, Use of Estimated Amounts- Issued March 2010
March 3, 2010
Motor Vehicle Advisory Bulletin: Disclosure of Equity, Acknowledgment of Buyer- Issued March 2010February 26, 2010
Motor Vehicle Advisory Bulletin: Disclosure of Equity, Frequently Asked Questions- Issued February 2010January 8, 2010
Proposed Rules Published for Comment
December 18, 2009
Motor Vehicle Advisory Bulletin: Standard Disclosure of Equity Form
October 9, 2009
September 02, 2009
Motor
Vehicle Advisory Bulletin: Debt Cancellation Agreements, Overview &
Interim Guidance- Issued September 2009
Motor
Vehicle Advisory Bulletin: Documentary Fee, Filing Process Review- Issued
September 2009
Motor
Vehicle Advisory Bulletin: Documentary Fee, Towable Recreation Vehicle-
Issued September 2009
July 3, 2009
Motor
Vehicle Advisory Bulletin: Documentary Fee Disclosure,
Approved Spanish Language Translations - Issued July 2009
June 30, 2009
Motor Vehicle Advisory Bulletin: Documentary Fee - Issued June 2009
MOTOR VEHICLE RENEWALS
Motor Vehicle renewals have been mailed. Renewals are due July 1st, but there is a grace period until July 31st. Renewal fees are considered on time if they are mailed in an envelope postmarked by the United States Postal Service (or overnight courier) by July 31, 2009.
May 12, 2009
PAWNSHOP RENEWALS
Pawnshop license and Pawnshop employee renewals have been mailed. Renewals are due June 1st, but there is a grace period until June 30th. Renewal fees are considered on time if they are mailed in an envelope postmarked by the United States Postal Service (or overnight courier) by June 30, 2009.
Mail renewal documents to P.O. Box 12366, Austin, TX 78711-2366. The physical address of 2601 North Lamar Boulevard, Austin, Texas 78705 should only be used if you are sending renewal materials via overnight courier (Federal Express, DHL, etc.).
MOTOR VEHICLE RENEWALS
Motor Vehicle Sales Finance License renewals will be mailed by the middle of June. This mailing will contain the only renewal forms you will receive this year. Motor Vehicle Sales Finance License renewals are due July 1st, but there is a grace period until July 31st.
March 31, 2009
Regulated Lender and Property Tax Lender Annual Report Due Date:
The 2008 Annual Report for Regulated Loan Licensees and Property Tax Licensees are due in our office by May 1, 2009. If you do not have a copy of the form, a printable copy is available for the Regulated Lender Annual Report as well as the Property Tax Lender Annual Report, Property Tax Lender instructions.
December 3, 2008
Refund Anticipation Loan Facilitators Renewal
Refund anticipation loan facilitators must register or renew their registration by December 31, 2008
November 13, 2008
REGULATED LOAN & PROPERTY TAX LIEN LENDER RENEWALSRegulated Loan and Property Tax Lien Lender renewals have been mailed. Renewals are due December 1st, but there is a grace period until December 31st. Renewal fees are considered on time if they are mailed in an envelope postmarked by the United States Postal Service (or overnight courier) by December 31, 2008.
Mail renewal documents to P.O. Box 12366, Austin, Texas 78711-2366. The physical address of 2601 North Lamar Boulevard, Austin, Texas 78705 should only be used if you are sending renewal materials via overnight courier (Federal Express, DHL, etc.).
September 11, 2008
Declared
Emergency Advisory For Texas Pawnbrokers
July 10, 2008
MOTOR VEHICLE RENEWAL Delinquency Notices
Delinquency notices for motor vehicle renewals have
been mailed. Any license renewal not postmarked by the United State's
Post Ofiice or by an overnight courier by July 31, 2008, will expire. In
order to reinstate an expired license, the law requires payment of an additional
$1,000.
Mail renewal documents to P.O. Box 12366, Austin, TX 78711-2366. The physical address of 2601 North Lamar Boulevard, Austin, Texas 78705 should only be used if you are sending renewal materials via overnight courier (Federal Express, DHL, etc.).
May 22, 2008
PAWNSHOP RENEWALS
Pawnshop license and Pawnshop employee renewals have been mailed. Renewals are due June 1st, but there is a grace period until June 30th. Renewal fees are considered on time if they are mailed in an envelope postmarked by the United States Postal Service (or overnight courier) by June 30, 2008.
Mail renewal documents to P.O. Box 12366, Austin, TX 78711-2366. The physical address of 2601 North Lamar Boulevard, Austin, Texas 78705 should only be used if you are sending renewal materials via overnight courier (Federal Express, DHL, etc.).
MOTOR VEHICLE RENEWALS
Motor Vehicle Sales Finance License renewals will be mailed by the middle of June. This mailing will contain the only renewal forms you will receive this year. Motor Vehicle Sales Finance License renewals are due July 1st, but there is a grace period until July 31st.
