TITLE 7.BANKING AND SECURITIES

Part 1. FINANCE COMMISSION OF TEXAS

Chapter 1. CONSUMER CREDIT COMMISSIONER

Subchapter D. LICENSE

7 TAC §§1.401, 1.403, 1.404

The Finance Commission of Texas (the commission) adopts amendments to 7 TAC §§1.401, 1.403, and 1.404 pertaining to the technical correction of legal citations as a result of the recodification by the 76th Legislature of the Texas Credit Code , Texas Civil Statutes, Article 5069, into the Texas Finance Code. The amendments are adopted without changes to the proposal as published in the December 29, 2000, issue of the Texas Register (25 TexReg 12877).

The agency received no comments on the amendment proposal.

The amendments are adopted under Texas Finance Code, §11.304, which authorizes the Finance Commission to adopt rules to enforce Title 4 of the Texas Finance Code. Additionally, Texas Finance Code, §342.551 authorizes the Finance Commission to adopt rules for the enforcement of the consumer loan chapter.

The statutory provisions (as currently in effect) affected Chapter 342, Texas Finance Code.

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 5, 2001.

TRD-200100703

Leslie L. Pettijohn

Commissioner

Finance Commission of Texas

Effective date: February 25, 2001

Proposal publication date: December 29, 2000

For further information, please call: (512) 936-7640