7 TAC § 84.101. Purpose and Scope

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Texas Administrative Code › Title 7 BANKING AND SECURITIES › Part 5 OFFICE OF CONSUMER CREDIT COMMISSIONER › Chapter 84 MOTOR VEHICLE INSTALLMENT SALES › 7 TAC § 84.101

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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(a) Purpose. The purpose of this chapter is to assist in the administration and enforcement of Texas Finance Code, Chapter 348.

(b) Scope. This chapter applies to:

(1) all persons engaged in the business of selling motor vehicles to retail buyers in transactions in which a retail buyer purchases a motor vehicle from a retail seller and agrees with the retail seller to pay part or all of the cash price in one or more deferred installments; and

(2) all persons that acquire or otherwise receive retail installment sales contracts unless specifically exempted from licensing by Texas Finance Code, Chapter 348.

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