Sec. 556.153. DISCLOSURE AT TIME OF LOAN APPLICATION. (a) At the time a loan application is made, a depository institution shall provide to the customer a written disclosure as required by this section and Section 556.154.
(b) The disclosure must be separate from any loan application or loan document.
(c) The depository institution employee who presents the disclosure and the customer shall sign and date the disclosure.
(d) The depository institution shall maintain one copy of the disclosure in the loan file and shall provide one copy to the customer.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Section: Previous 556.001 556.002 556.051 556.052 556.101 556.102 556.103 556.104 556.151 556.152 556.153Last modified: September 28, 2016