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The Law Offices of Alan Abergel, P.C. (“LOAA”) represents consumer lenders, financial services companies, and lending platforms in Texas Regulated Lender licensing, compliance, and enforcement matters.
Attorney Alan Abergel is licensed by both the State Bar of Texas and the State Bar of California.
In Texas, non-depository lenders that make, transact, or collect consumer loans at interest rates greater than 10% must obtain a Texas Regulated Lender License from the Texas Office of Consumer Credit Commissioner (OCCC).
Most regulated consumer loans fall under Texas Finance Code Chapter 342, which establishes interest rate structures and regulatory requirements for consumer lenders.
Regulated consumer loans may include:
Secured and unsecured installment loans
Consumer personal loans
Motor vehicle installment lending
Payday and short-term consumer credit products
Other consumer credit products subject to Texas Finance Code Chapter 342
Non-depository lenders must comply with Texas consumer credit statutes, administrative rules, and federal consumer protection laws.
LOAA provides comprehensive licensing and compliance services to Texas regulated lenders, including:
Assistance with obtaining a Texas Regulated Lender License
Assistance with license transfers and ownership changes
Legal opinions regarding licensing and regulatory requirements
Compliance counseling for OCCC-regulated lenders
Drafting policies and procedures for regulated lending operations
LOAA drafts and reviews lending documentation for regulated lenders, including:
Consumer loan agreements and installment contracts
Secured and unsecured lending documents
Motor vehicle lending documents
Regulatory disclosures and compliance documentation
Lending program structures and compliance frameworks
LOAA advises regulated lenders on compliance with:
Texas Finance Code and Texas Administrative Code
Federal Truth in Lending Act (TILA) and Regulation Z
Real Estate Settlement Procedures Act (RESPA), where applicable
Equal Credit Opportunity Act (ECOA)
Consumer Financial Protection Bureau (CFPB) regulations
Federal and state consumer protection statutes
LOAA represents Texas regulated lenders in OCCC investigations, administrative hearings, and enforcement proceedings, and provides:
Representation in OCCC regulatory investigations
Defense in administrative enforcement actions
Representation before the Consumer Financial Protection Bureau (CFPB)
Administrative appeals and regulatory compliance counseling
LOAA also represents regulated lenders in:
Mergers and acquisitions involving regulated lenders and financial services companies
Ownership transfers and corporate restructuring
Private securities offerings and Private Placement Memorandums (PPMs)
Corporate governance and regulatory transaction structuring
Texas Regulated Lender License Lawyer
Texas Consumer Lending Lawyer
Texas OCCC Licensing Attorney
Texas Consumer Credit Compliance Lawyer
Texas Regulated Lender Enforcement Defense Lawyer
LOAA provides administrative, civil, transactional, and regulatory compliance legal services for regulated lenders and financial services companies.
No criminal defense services are provided.
“I engaged Alan to help me through the complexities of obtaining my Lenders License. He was very knowledgeable about the process and provided me with a high level of service. I worked quickly getting him all the information needed and he worked at my pace. He was responsive to e-mails and questions and followed up with the DFPI to make sure everything was filed correctly. I had read online that this process could take as long as 6 months however Alan completed the assignment in less than 3 I will be retaining his services in the future to ensure my company remains in compliance."
--Petroleum Realty Group Inc.
"I hired Alan to represent me as a mortgage broker before the California Department of Real Estate. I couldn't be more pleased with Alan's services from start to finish. Alan was clear and concise. Alan's communication throughout the process was professional. I received the results I hoped for. Thank you Alan. I'll definitely recommend you to ALL and use your services again in the future shall I need anything!"
-Anonymous
"Very helpful in assisting in obtaining an OCCC Texas Motor Vehicle Sales Finance License. Very knowledgeable in answering all questions the OCCC asked for on their questionnaire. Highly recommended and would re-hire for any future assistance regarding motor vehicle and finance business. God Bless!"
-Raul
