Sunset process continues with the OCCC next up is the Stakeholder Meeting to discuss rule amendments.

by The CAB Man Texas on May 20, 2019

Laurie Hobbs at the OCCC sent out an email to industry “Stakeholders” on Tuesday regarding the continuation of the Sunset process at the OCCC.  Next up is the Stakeholder Meeting to discuss rule amendments.  See below for OCCC’s comments on what will be done and how you can participate.

  • “OCCC would like to inform us of a Sunset Bill / Rule (HB 1442) pre-comment draft that the agency plans to discuss at the upcoming Stakeholder Meeting on Thursday, May 23, 2019, at 2:00 p.m. 
  • The stakeholder meeting relates to the May 14 pre-comment draft of rule amendments to the OCCC’s licensing and administration rules. 
  • The amendments are intended to implement HB 1442’s licensing and administrative provisions by: clarifying provisions on license term, renewal, and expiration for OCCC licensees and registrants; specifying procedures for how the OCCC processes consumer complaints; and specifying procedures for appealing the denial of a debt cancellation agreement.
  • Stakeholders are invited to attend the meeting in person at the Finance Commission Building.
  • Informal precomments on the OCCC’s May 14 draft of licensing and administration rules must be received by 5:00 p.m. on Wednesday, May 29, 2019.”

This blog post was written by Michael Brown, President of CAB Consulting and the Texas Organization of Financial Service Centers.  He can be reached at 214-293-8676, or Michael@CreditAccessBusiness.com.

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