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Financial Services Law Insights and Observations

Texas regulator urges motor vehicle sales finance licensees to work with borrowers

State Issues Covid-19 Texas Auto Finance Licensing

State Issues

The Texas Office of the Consumer Credit Commissioner revised an advisory bulletin urging motor vehicle sales finance licenses to work with consumers during the Covid-19 crisis (previously covered here). Among other measures, the regulator urged licensees to increase consumer communication, work out modifications, waive certain charges, and suspend repossessions.

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