The Texas Finance Code 342 Update 2023 brings important changes to the maximum loan amounts for Chapters 342 F and E. These adjustments, made by the Consumer Credit Commissioner of Texas, will have a positive impact on consumer lending in the state. Effective July 1st, 2023, these new loan limits aim to increase the amount of money available to qualified borrowers.
Under the updated regulations, Chapter 342 F will see a new maximum loan amount of $1,700, while Chapter 342 E will have a maximum loan amount of $21,250. These changes occur each year based on changes in the United States calculated Consumer Price Index.
To ensure compliance and stay informed about these updates, it is essential to refer to official sources. The Texas Office of Consumer Credit Commerce (OCCC) Website is an authoritative resource that provides comprehensive information regarding the Texas Finance Code 342 and its recent updates. Whether you are a consumer, lender, or financial professional, visiting their website will give you a deeper understanding of the regulations and their implications.
By staying up to date with the Texas Finance Code 342 Update 2023, you can navigate the changing lending landscape with confidence and make informed financial decisions. Visit the Texas Office of Consumer Credit Commerce website today to access the latest information and resources related to these updates.
Quick Recap:
- New max loan amount for Texas Finance Code Chapter 342 F will be $1,700.
- New max loan amount for Texas Finance Code Chapter 342 E will be $21,250.
Please visit the Texas Office of Consumer Credit Commerce Website for more information.