O.C.C.C. is requesting feedback on new Disclosure Forms
The O.C.C.C. is asking for input on the new disclosure forms. These forms will be provided to Credit Access Businesses for use as guides on how to properly convey compliant notices and disclosures to customers. Both consumers and Credit Access Businesses are being tapped for feedback.
View the forms by going to this link http://www.occc.state.tx.us/pages/industry/CAB/Consumer%20Disclosures%20main.html
You can provide feedback directly to the O.C.C.C. or if you would like to send comments through me please do so and I will forward them on. I have been taking questions from both clients and non-clients, providing them with information that I possess, and have been asking questions to the O.C.C.C. about the application as well. Glad to keep doing it, the more feedback we get the better. As business owners who are directly dealing with our customers we have an opportunity to shape the rules by providing our opinions based on our experience. The team at the O.C.C.C. is flexible, and is seeking exactly this kind of input. It’s a great opportunity let’s hear what you have to say!
Please send your questions and comments to Michael Brown at cabconbrokerage@gmail.com or call 214-293-8676.
Previous post: Acquisitions of Short-Term Loan Portfolios
Next post: Act now to get your Credit Access Business License!