Facts & Statistics
BY THE NUMBERS: VEHICLE FINANCING AND PERSONAL LENDING IN TEXAS
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| STATE FACTS |
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| Texas is the only state to have the flags of 6 different nations fly over it. They are: Spain, France, Mexico, Republic of Texas, Confederate States, and the United States. |
| Texas comes from the Hasinai Indian word tejas, meaning friends or allies. |
| The worst natural disaster in United States history was caused by a hurricane that hit Galveston in 1900. Over 8,000 deaths were recorded. |
Government
| ELECTED OFFICIALS | |
| Governor |
Greg Abbott (R) |
| Lieutenant Governor | Dan Patrick (R) |
| Attorney General | Ken Paxton (R) |
| Secretary of State | Jane Nelson (R) |
| State Senate Control | R – 20; D – 11 |
| State House Control | R – 88; D – 62 |
Legislative Process
| LEGISLATIVE DATES AND DEADLINES | |
| Convenes | January 14, 2025 |
| Sine Die Adjournment | June 2, 2025 |
| Committee Action Deadlines | N/A |
| Crossover Deadline | None |
| Carryover from Previous Session | No |
| Governor’s Signing Deadline (in session) | 10 days, Sundays excepted |
| Governor’s Signing Deadline (after adjournment) | 20 days |
| Veto Override | 2/3 majority |
| Legislation Effective Date | 90 days after adjournment |
*Note: The Texas Legislature meets only in odd years
Notable Laws & Legislation
SAFE Act
- TX HB 10 (now Tex. Finance Code Ann. Title 3, subtitle E, c. 180)
- TX HB 2774 (now Tex. Finance Code, Title 3, subtitle E, c. 156)
- TX HB 2779 (now Tex. Finance Code, Title 3, subtitle E, c. 157; Title 4, subtitle B, c. 341, subchapter B)
- HUD review of Texas’s SAFE Act
Security Breach Notification Law
Retail Installment Sales Contract Law
Enforcement
No Recent AG Enforcement
Consumer Complaints
No Top Consumer Complaint Data
Regulatory Actions
Featured Regulations
Regulatory Guidelines
- OCCC b15-2 Credit Card Surcharge Alternatives (June 2015)
- OCCC Registered Creditors Bulletin – OCCC Notice on Retail Installment Contracts (January 2016)
- OCCC b16-2 MVSF Review Common Issues Debt Cancellation Agreements (March 2016)
- OCCC b16-4 MVSF Deferment Charges (Revised September 2016)
- Texas AG Opinion KP-0277 – Credit Services Organizations (November 2019)
Advocacy, Initiatives & Reports
AFSA Comment Letters
- Texas OCCC Proposal – Regulated Lender Fees (March 18, 2024)
- Texas HB 3389 – Retail Bad Debt (April 28, 2023)
- Texas SB 1083 – Vehicle Repair Insurance Policies (April 28, 2023)
- Texas HB 2432 – Small Loans (April 13, 2021)
- Texas CSHB 3510 Joint Letter – Remote Work (March 29, 2021)
- Texas Supreme Court Rules – Service of Process by Social Media (November 30, 2020)
- Texas Office of the Consumer Credit Commissioner Pre-comment Draft Rule Review for Motor Vehicle Sales Finance Companies (September 24, 2020)
- Texas Privacy Protection Council RFI Response (August 21, 2020)
- Texas Office of the Consumer Credit Administrator Vehicle Finance Rule Review Pre-comments (July 23, 2020)
- Texas Department of Savings & Mortgage Lending Work From Home Authorization (June 25, 2020)
- Texas Office of Consumer Credit Commissioner Work From Home Authorization (June 25, 2020)
- Texas Governor Stay at Home Order (March 24, 2020)
- Texas Attorney General Opinion Request RQ-0300-KP – Credit Service Organizations (October 29, 2019)
- Texas OCCC Proposed rules for motor vehicle recordkeeping (January 16, 2018)
- Texas OCCC precomment proposed rules for motor vehicle recordkeeping (November 29, 2017)
- Texas Proposed Amendments to Rules for Motor Vehicle Retail Installment Sales (April 4, 2016)
- Texas Proposed Amendments to Plain Language Contracts for Motor Vehicle Retail Installment Sales (September 30, 2015)
- Texas Draft Amendments to Plain Language Contracts for Motor Vehicle Retail Installment Sales (August 10, 2015)
Advocacy / Initiatives
- 11 State Amicus Brief re: Constitutionality of the CFPB (November 2019)
- 50 States & DC Letter to FCC re: Robocalls (August 2019)
- 12 States Amicus Brief re: Constitutionality of CFPB (July 2019)
- 40 States & DC Letter to FTC re: Data Privacy (June 2019)
- 50 States & DC Letter to Education Department re: Student Loans for Disabled Veterans (May 2019)
- 12 States Letter to CFPB re: Payday Rule (May 2019)
- 50 States & DC Letter to U.S. Senate Committee on Commerce, Science & Transportation re: Robocalls (March 2019)
- 43 State AGs Letter to Social Security Administration re: Identity Fraud (December 2018)
- 14 State brief challenging the constitutionality of the CFPB (July 2018)
- 13 State AGs brief supporting President Trump’s authority to appoint CFPB director (March 2018)
- 14 State AGs and 3 Governors letter urging President to extend regulatory oversight to independent agencies (December 2017)
- 13 State AGs Brief in support of acting CFPB Director (December 2017)
- 13 State AGs letter to US Senate Majority Leader supporting the Regulatory Accountability Act (October 2017)
- 15 State AGs Urge Congress to Stop Federal Agency Overreach (July 2016)
- State AGs Joint Comment Opposing CFPB Proposed Arbitration Rule (August 2016)
Trade Associations
Political Geography
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