This bill, written by Farias, pertains to “requiring that certain notices and disclosures be provided by Credit Access Businesses in foreign languages.” In addition to the current English disclosures that are being provided by Credit Access Businesses to consumers, disclosures in Spanish would be required, as well as other additional languages not yet named. The state may end up listing the languages required and will provide the forms. Would go into effect 9-1-2013. The components of the disclosures would likely be similar to the OCCC Consumer Disclosures in use now.

Click here to view a PDF version of the bill! HB.420.