# 7 Tex. Admin. Code § 90.504: 7 TAC § 90.504. Model Contracts; Permissible Changes

> Texas · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T7_P5_C90_S90_504

## Section

- **Citation:** 7 Tex. Admin. Code § 90.504
- **Heading:** 7 TAC § 90.504. Model Contracts; Permissible Changes
- **Jurisdiction:** Texas
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Texas Administrative Code / Title 7 BANKING AND SECURITIES / Part 5 OFFICE OF CONSUMER CREDIT COMMISSIONER / Chapter 90 CHAPTER 342, PLAIN LANGUAGE CONTRACT PROVISIONS / 7 TAC § 90.504

## Text

(a) A licensee may consider making the following types
 of changes to the second lien purchase money loans plain language
 model clauses:
(1) Adding information related to information set forth
 in the model clauses that is not otherwise prohibited by law;
(2) Substituting another term for "Lender" or "Borrower"
 that has the same meaning, or using pronouns such as "you," "we,"
 and "us";
(3) Presenting the model clauses in any order, and
 combining or further segregating the model clauses;
(4) Inserting descriptive headings or number provisions;
(5) Changing the case of a word if otherwise permitted
 by the Texas Finance Code; or
(6) Making other changes which do not affect the substance
 of the disclosures.
(7) A licensee may place its NMLS ID number, the individual
 residential mortgage loan originator's name, or the originator's NMLS
 ID on any portion of a document requiring this information, including
 the signature page. To the extent allowed by Regulation Z,
12 C.F.R. §1026.36
(g),
 and the official commentary to that section, a licensee may omit:
(A) the licensee's NMLS ID number, if the licensee
 does not have an NMLS ID number and is not legally required to obtain
 one; and
(B) the individual residential mortgage loan originator's
 NMLS ID number, if the originator does not have an NMLS ID number
 and is not legally required to obtain one.
(8) A sample model note is presented in the following
 example.
Attached Graphic
(9) A sample model security document is presented in
 the following example.
Attached Graphic
(b) A licensee has considerable flexibility to arrange
 the format of the model form if the revised format does not significantly
 adversely affect the substance, clarity, or meaningful sequence of
 the disclosures.

## Nearby sections

- [7 Tex. Admin. Code § 90.501 7 TAC § 90.501. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T7_P5_C90_S90_501.md)
- [7 Tex. Admin. Code § 90.502 7 TAC § 90.502. Contract Provisions](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T7_P5_C90_S90_502.md)
- [7 Tex. Admin. Code § 90.503 7 TAC § 90.503. Model Clauses](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T7_P5_C90_S90_503.md)
- [7 Tex. Admin. Code § 90.504 7 TAC § 90.504. Model Contracts; Permissible Changes](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T7_P5_C90_S90_504.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T7_P5_C90_S90_504. Check the current official text before relying on it. Not legal advice.