7 TAC §§1.901, 1.902, 1.911
The Finance Commission of Texas (the commission) adopts new §§1.901,
1.902, and 1.911 concerning Notice in Written Contracts; Annual Registration
Fees by Holders, Creditors, and Assignees; and Interpretations and Advisory
Letters. The new rules are adopted without changes to the proposal as published
in the January 7, 2000, issue of the
Texas Register
(25 TexReg 21).
The adoption is part of a rule review conducted in accordance with HB 1,
Article IX, Section 167. Simultaneously, the Finance Commission is repealing
the former rules and adopting these rules in their place. The rules being
repealed were reviewed and those being adopted here were evaluated and an
assessment made that the reasons for (re)adopting the rule continue to exist.
The primary changes from the former rules are organizational in nature or
to appropriately identify the new statutory citations of the Finance Code.
The agency received no comments on the proposal.
The new sections are adopted under Texas Finance Code, §11.304,
which authorizes the Finance Commission to adopt rules to enforce Title 4
of the Finance Code.
Texas Finance Code, Chapters 345, 347, and 348 as well as the remainder
of Title 4 are affected by these new sections.
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of
the Secretary of State on February 18, 2000.
TRD-200001274
Leslie L. Pettijohn
Commissioner
Finance Commission of Texas
Effective date: March 9, 2000
Proposal publication date: January 7, 2000
For further information, please call: (512) 936-7640