Loan which When a Consumer doesn’t meet Spanish TIL (for Loan or a home equity TEX. FIN. the Texas transactions) must loan regulated by the CODE ANN. § 14389 (Spanish TIL) Spanish requirements of be provided to the Texas Office of (West 7383 (Spanish TIL) a ‘consumer borrower Consumer Credit is 2011); loan’ or a ‘home negotiated in Spanish. equity loan’ Provides Spanish TIL instead When a contract for a Merely closed-end secondary Contract: Available One of the following: advertising the mortgage loan is upon request Spanish Contract + following terms negotiated in Spanish Spanish does not and any of the Translation of the necessitate following credit terms TIL: Federal TIL; or providing the are negotiated in 7 TEX. 14389 (Spanish TIL) Notificación de Form of Spanish: amount ADMIN. 7383 (Spanish TIL) Crédito Al Spanish Disclosure: financed, finance CODE § (a) Consumidor amount charge, annual (2013) (Préstamo a Plazos) financed, percentage rate, the Notificación de Crédito must be provided finance charge, amount of any Al Consumidor no later than annual payment or schedule (Préstamo a Plazos): consummation of percentage rate, of payments, total of Available upon the contract. the amount of payments, or security request any payment or interest. schedule of payments, total of payments, or security interest.
Texas Spanish TIL (for transactions) must be provided to the borrower Spanish When a Consumer Loan or a home equity loan regulated by the Texas Office of Consumer Credit is negotiated in Spanish. Loan which doesn’t meet the requirements of a ‘consumer loan’ or a ‘home equity loan’ TEX. FIN. CODE ANN. § (West 2011); 14389 (Spanish TIL) 7383 (Spanish TIL) One of the following: Spanish Contract + Spanish Translation of the Federal TIL; or Notificación de Crédito Al Consumidor (Préstamo a Plazos) must be provided no later than consummation of the contract. Spanish When a contract for a closed-end secondary mortgage loan is negotiated in Spanish and any of the following credit terms are negotiated in Spanish: amount financed, finance charge, annual percentage rate, the amount of any payment or schedule of payments, total of payments, or security interest. Provides Spanish TIL instead Merely advertising the following terms does not necessitate providing the Form of Disclosure: amount financed, finance charge, annual percentage rate, the amount of any payment or schedule of payments, total of payments, or security interest. 7 TEX. ADMIN. CODE § (a) (2013) Contract: Available upon request TIL: 14389 (Spanish TIL) 7383 (Spanish TIL) Notificación de Crédito Al Consumidor (Préstamo a Plazos): Available upon request
Foreign-Language-Disclosure-Matrix-2013.docx