July 7, 2026
As previously reported, the Texas Office of Consumer Credit Commissioner recently issued final regulations required by Chapter 398 of the Texas Finance Code. Chapter 398 regulates sales-based financing transactions by requiring registration of providers and brokers, cost of financing disclosures, and limits on payment methods, among other things.
The final rules add a new requirement that requires a change to sales-based financing contracts. Starting on July 9, 2026, a sales-based financing contract must contain the following statement as a separate section or otherwise conspicuously set out from surrounding written material:
"The Office of Consumer Credit Commissioner (OCCC) is a state agency that enforces certain laws that apply to this contract. If a complaint cannot be resolved by contacting the provider, a commercial sales-based financing recipient can contact the OCCC to file a complaint. OCCC address: 2601 N. Lamar Blvd., Austin, Texas 78705. Phone: (800) 538-1579. Website: occc.texas.gov."
This notice is very similar to notices the OCCC requires for consumer financial products that it regulates.
According to the OCCC website, the final rules, including this required contract change, are effective as of July 9, 2026. However, the deadline for sales-based financing provider and broker registration is not until December 31, 2026.