43 Tex. Admin. Code § 215.263 - Sales Payment Disclosures

An advertisement that contains the amount of any payment, including a down payment in either a percentage or dollar amount, or an advertisement that contains the number of payments, the period of repayment, or the amount of any finance charge must include the following:

(1) the amount or percentage of the down payment;

(2) the terms of repayment, from which the number of months to make repayment and the amount per month can be determined, including any balloon payment;

(3) the annual percentage rate (APR); and

(4) the amount of the APR, if increased, after consummation of the credit transaction.

Notes

43 Tex. Admin. Code § 215.263

The provisions of this §215.263 adopted to be effective February 11, 2010, 35 TexReg 883; Amended by Texas Register, Volume 42, Number 06, February 10, 2017, TexReg 589, eff. 2/13/2017