11 - Credit Access Business Ordinance

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WIU d Wil�iULLIUf UVIUCHULLIr, all %OL'u1IN1011 0"O��wrlv':ORIL IIUL IIiIULVU LU, U�Iy refinancing or renewal granted to the consumer) must be read to the consumer in its entirety in the consumer's language of preference, prior to the consumer's signature. (c) For every consumer who cannot read, every disclosure and notice required by law must be read to the consumers in its entirety in the consumer's language of preference, prior to the consumer's signature. U -1M-- "I"t t k A credit access business shall provide a form, to be prescribed by the Director, to each consumer seeking assistance in obtaining an extension of consumer credit which references cash assistance programs. The form will also contain information regarding extensions of consumer credit, and must include the information required by 5.12.011 (a)(])-(5) of this ordinance specific to the loan agreement with the consumer. If the Director has prescribed a fbrffr-irrEre-cMS-jfrXT,6 lffrguagmf PrC&,rmrt-,e—,&e language of preference." Section 2® That Appendix A, Article ALOOO, "Miscellaneous Fees," shall be and is hereby amended to add Section A1.005, "Fees related to Credit Access Businesses," to read in its entirety as follows: "§ Al °005 Fees related to credit access businesses IMUNNUMI" � ml�l (2) The application fee for an annual renewal certificate of registration for a credit access business shall be $250.00." Section 3. That all provisions of the ordinances of the City of Paris, Texas in conflict with the provisions of this ordinance are hereby repealed, and all other provisions of the ordinances of the City of Paris, Texas not in conflict with the provisions of this ordinance sh Section 4. That the repeal of any ordinance or part of ordinances affected by the and publication as required by law.