(a) A retailer or broker:
(1) shall comply with Subtitles A and B, Title 4, Finance Code, and the Truth in Lending Act (15 U.S.C. Section 1601 et seq.);
(2) may not advertise an interest rate or finance charge that is not expressed as an annual percentage rate; and
(3) shall comply with all applicable provisions of the Finance Code.
(b) A violation of this section does not create a cause of action or claim for damages for a consumer. The consumer may not recover more than the penalties provided by Subtitles A and B, Title 4, Finance Code, and the Truth in Lending Act (15 U.S.C. Section 1601 et seq.).
Official text of the Texas Occupations Code as published by the Texas Legislative Council.