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#862295 - 11/28/07 10:12 PM branch sign regarding notice of final agreement
ToTo Offline
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Joined: Apr 2004
Posts: 595
OZ
Can someone please give me a cite to the statute that requires the posting of the sign in the branches regarding the final agreement on a loan? I think I'm probably using the wrong words, because I can't find any postings on this, and I know there have been discussions. I also can't find the statute on Lexis, so again I know I'm using the wrong words. I'm looking for any requirements on the size of the sign and whether the sign can be posted with other branch disclosures. Thanks so much.

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#862318 - 11/28/07 10:33 PM Re: branch sign regarding notice of final agreement ToTo
duplextx Offline
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duplextx
Joined: Oct 2002
Posts: 144
Dallas, TX
To copy a previous post elsewhere:
... the "Oral Disclaimer" is really the Statute of Frauds or the "disclaimer of oral agreements," in Business and Commerce Code 26.02, (you'll need to cut and paste this link: http://www.capitol.state.tx.us/statutes/bc.toc.htm.)
The notice, which must be either incorporated in the loan documents or given to the borrower as a separate notice, and must be posted in the lobby where loans are made is in 7 TAC 3.34, (cut & paste, again: http://info.sos.state.tx.us/pls/pub/readtac$ext.TacPage?sl=R &app=9&p_dir=&p_rloc=&p_tloc=&p_ploc=&am p;pg=1&p_tac=&ti=7&pt=1&ch=3&rl=34)
The graphic for the sign and notice are in the rule.

The lobby notice is required by section 26.02(g) of the Business & Commerce Code. The text of the sign is prescribed by regulation, 7 TAC 3.34.

There is a graphic of the notice at 7 TAC 3.34 on the Secretary of State website: (cut & paste again: http://info.sos.state.tx.us/fids/07_0003_0034-1.gif.)
Last edited by duplextx; 11/28/07 10:37 PM.
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#862334 - 11/28/07 10:46 PM Re: branch sign regarding notice of final agreement duplextx
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Thank you so much!

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#862336 - 11/28/07 10:47 PM Re: branch sign regarding notice of final agreement duplextx
ktac MITCH Offline
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ktac MITCH
Joined: May 2005
Posts: 1,813
Giant side of TX
Duplex is exactly correct & just beat me to the draw, the links dont work because of the period & closing Parenthesis
I think these should work

http://www.capitol.state.tx.us/statutes/bc.toc.htm

http://info.sos.state.tx.us/pls/pub/read...;ch=3&rl=34

http://info.sos.state.tx.us/fids/07_0003_0034-1.gif
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#862339 - 11/28/07 10:49 PM Re: branch sign regarding notice of final agreement ktac MITCH
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OZ
Thank you! I've been trying the links and couldn't get them to work.

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#862341 - 11/28/07 10:53 PM Re: branch sign regarding notice of final agreement ToTo
ToTo Offline
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Posts: 595
OZ
I can get only the last one to work. Does it say anywhere what the dimensions or print requirements are for the notice that goes in the branches?

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#862356 - 11/28/07 11:19 PM Re: branch sign regarding notice of final agreement ToTo
duplextx Offline
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duplextx
Joined: Oct 2002
Posts: 144
Dallas, TX
Sorry about the mess with the "links", but I had hung onto some old posts for future reference for myself. Glad I could at least point you in the right direction. Thanks, Kevin, for helping with the links.
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