Finance Department

CAB Lender Information

WHO MUST REGISTER: You must register with the City of San Antonio if you are a credit access business as defined by Section 393.601 of the Texas Finance Code and operating in the City of San Antonio. These businesses obtain for consumers, or assist consumers in obtaining, an extension of consumer credit commonly known as payday loans or a motor vehicle title loans.

GENERAL PROVISIONS: This ordinance authorizes the City to:

• Require lenders to register with the City annually;
• Limit payday loans to 20% of the borrower's gross monthly income;
• Limit auto title loans to the lesser of 3% of the borrower's gross annual income or 70% of the vehicle value;
• Limit loans to no more than four installments or three rollovers or renewals (a rollover or renewal is defined as an extension of consumer credit made within seven days of the previous extension of credit);
• Require the proceeds from each installment or renewal to reduce the loan principal by 25%;
• Require that every contract be written in a language the borrower can understand, or be read in its entirety to any borrower who cannot read; Require the lender to provide to the borrower a form created by the city which references non-profit agencies that provide financial education and agencies with cash assistance programs, and contains general information regarding extensions of consumer credit.

REGISTRATION APPLICATION: To obtain a City certificate of registration, credit access businesses must be licensed by the Texas Office of Consumer Credit Commissioner (OCCC). The City forms are in PDF downloadable format and require Adobe Acrobat Reader to view. The form may be completed and printed locally.

EXPIRATION AND RENEWAL OF CERTIFICATE:

       (a)    A certificate of registration (Use the CAB Registration Form) expires on the earlier of:
                   (1)   One year after the date of issuance; or
                   (2)   The date of revocation, suspension, surrender, expiration without renewal or other
                           termination of the registrant's state license.
       (b)    A certificate of registration may be renewed by making application with the City of San
               Antonio’s Finance Department. A registrant shall apply for renewal at least 30 days before
               the expiration of the registration.                 

FEE: The City of San Antonio charges a non-refundable application fee of $50.

• CAB Registration Form
• Education/Assistance Form
• Education/Assistance form in español
• Texas Disclosure Forms- Auto Title Multiple Pay / Auto Title Single Pay / Payday Loan Multiple Pay / Payday Loan Single Pay
• Texas Disclosure Forms en español- Auto Title Multiple Pay / Auto Title Single Pay / Payday Loan Multiple Pay / Payday Loan Single Pay
• City of San Antonio Ordinance 2012-09-20-0739
• Checklist and Instructions for Credit Access Business Registration