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Form CAB12 Credit Access Business Third-Party Lender Organizations - Texas
What Is Form CAB12?
This is a legal form that was released by the Texas Office of Consumer Credit Commissioner - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is a CAB?A: CAB stands for Credit Access Business.
Q: What is a Third-Party Lender Organization?A: A Third-Party Lender Organization is a type of business that provides loans through a Credit Access Business (CAB).
Q: What does a CAB do?A: A CAB facilitates loans by connecting borrowers with third-party lenders.
Q: Are CABs regulated in Texas?A: Yes, CABs are regulated in Texas.
Q: What are the requirements for a CAB license in Texas?A: To obtain a CAB license in Texas, a business must meet specific criteria including financial requirements and operational guidelines.
Q: Can CABs charge high interest rates?A: Yes, CABs can charge high interest rates on loans.
Q: What should I be aware of when using a CAB?A: When using a CAB, be aware of the high interest rates and fees associated with the loans.
Q: Is there a limit on the loan amounts CABs can offer?A: Yes, there is a limit on the loan amounts that CABs can offer in Texas.
Q: Are there any consumer protections for borrowers using CABs?A: Yes, Texas has consumer protections in place for borrowers using CABs, including loan disclosure requirements and the right to cancel a loan within a certain time period.
Form Details:
- Released on January 1, 2020;
- The latest edition provided by the Texas Office of Consumer Credit Commissioner;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form CAB12 by clicking the link below or browse more documents and templates provided by the Texas Office of Consumer Credit Commissioner.
