Credit Access Business Services in Austin, TX
Serving Travis County with clear financial disclosures under Austin City Code Chapter 4-12 and Texas OCCC regulations.
Austin City Code Chapter 4-12 Regulations
In Austin, Credit Access Businesses operate under City Code Chapter 4-12, designed to enhance consumer financial protection and limit predatory loan rollover cycles.
- Income Percentage Caps: Single-payment loans cannot exceed 20% of the consumer's gross monthly income.
- Rollover Limitations: Maximum of 3 renewals for single-payment loans, requiring at least 25% principal reduction per renewal.
- Financial Counseling Referral Requirement: Austin CABs are mandated to provide borrowers with referrals to non-profit credit counseling services.
Austin Consumer Notice
Banksov arranges consumer loans in Austin through unaffiliated third-party lenders. Banksov is a Credit Access Business licensed under TX Finance Code Ch. 393 and registered in Austin, TX.
Austin Financial Alternatives & Community Support
Austin 2-1-1 & Capital Area United Way
Access emergency rental and utility assistance programs across Travis and Williamson counties by calling 2-1-1.
Travis County Health & Human Services
Emergency assistance for low-income Travis County residents needing assistance with basic living expenses (traviscountytx.gov).
A+ Federal Credit Union (Austin)
Community credit union offering low-cost credit options and financial wellness counseling for Austin residents.
Foundation Communities Financial Wellness
Non-profit Austin organization offering free 1-on-1 financial coaching and debt counseling.