(a) Definition. In this section, "multiple-advance loan" means a loan agreement subject to Texas Finance Code, Chapter 342, under which more than one loan or advance may be made to a borrower from time to time.
(b) Requirements for multiple-advance loans. In connection with a multiple-advance loan, an authorized lender must comply with the interest limitations, disclosure requirements, and other requirements provided in Texas Finance Code, §342.455.
(c) Loans not covered. The following loans are not subject to this section or to Texas Finance Code, §342.455:
  (1) loans in which all advances occur on the same date; and
  (2) loans in which all advances after the initial advance occur because of the borrower's default (e.g., collateral protection insurance fees, repossession fees, court costs).

Source Note: The provisions of this §83.838 adopted to be effective September 6, 2012, 37 TexReg 6910