Example Ordinance Disclaimer
In reaction into the state legislature’s failure to look at any substantive statewide regulation of credit access organizations, a small number of urban centers have actually used ordinances directed at closing the period of financial obligation and assisting borrowers to achieve success in trying to repay their loans. As of the springtime of 2013, the cities that adopted ordinances were:
- Austin
- Balcones Heights
- Dallas
- Denton
- El Paso
- San Antonio
You will find apt to be more at the time with this book. Each one of these urban centers – aside from Balcones Heights – have now been sued because of the credit access company industry, utilizing the industry claiming that the towns are preempted from regulating credit access organizations considering that the legislature offered any office of credit Commissioner (OCCC ) some authority to manage last year. (Balcones Heights has suspended enforcement of its ordinance pending the results regarding the San Antonio lawsuit.)