Texas Schedule of All Fees Page

TitleMax Online of Texas, Inc. d/b/a TitleMax

Texas Schedule of All Fees Page
Effective September 2020

Thank you for your interest in TitleMax Online of Texas, Inc. d/b/a TitleMax ("CSO"). CSO provides credit services – it helps consumers obtain loans from a third-party lender and issues a credit enhancement to the third-party lender to back up consumer's promise to pay the loan. CSO is not a lender.

CSO Credit Services and Fee Schedule – Unsecured Loans

• Credit Services: CSO's credit services (collectively, the "CSO Services") include: (a) arranging for Consumer a loan from Lender with an annual interest rate not to exceed 9.95%, a term not to exceed 180 days, and an Amount Financed from $100.00 to $2,500.00 (the "Loan"); (b) helping Consumer complete the paperwork (including the credit application) needed to get the Loan from Lender; and (c) providing to Lender in respect of the Loan from Lender a letter of credit, guaranty, or other credit enhancement satisfactory to Lender that backs Consumer's repayment of the Loan (with any such letter of credit, guaranty, or other credit enhancement being referred to as the "Letter of Credit").
• Charges After Default; Costs of Collection: At any time after the occurrence of any default that results in CSO paying Lender under the Letter of Credit, then CSO may recover from Consumer all charges, costs, fees and expenses, including all collection costs and reasonable attorneys' fees incurred or paid in exercising any right, power or remedy provided by the CSO Contract or by law, and charge interest on all or a portion of the principal paid by CSO to Lender under the Letter of Credit, as provided in Consumer Reimbursement Obligation below.
• Consumer Reimbursement Obligation: If CSO pays Lender any amount under the Letter of Credit for any reason, Consumer must reimburse CSO for all amounts that CSO pays to Lender. Interest will accrue on the unreimbursed portion of principal for which CSO pays Lender under the Letter of Credit at the rate of 9.95% per annum (subject to applicable limits).
• Repayment: Bi-weekly, semi-monthly (twice monthly) and monthly payment schedules available; Consumer may opt to pay by recurring payments.
• Returned Payment Fee: $25 for any check, money order, payment (whether tangible or electronic), transfer or other instrument or item that is rejected or returned for any reason.
• CSO Fee: The amount of the CSO Fee is calculated by multiplying the Amount Financed by the CSO Fee percentage. CSO's standard CSO Fee rate is shown in the following table. Lower promotional rates may be offered from time to time.

CSO Fee as a Percent of the Amount Financed: 175.00%

Lender Interest and Fee Schedule – Unsecured Loans

• Loan Terms: Lender makes loans secured by a CSO Letter of Credit with a term not to exceed 180 days, and an Amount Financed from $100.00 to $2,500.00.
• Lender Interest: The interest paid or to be paid to the Lender on the outstanding principal balance of the Loan is 9.95% per annum, daily simple interest accrual method until paid. Interest will continue to accrue on past due principal amounts until paid in full.
• Late Charge: $7.50 or 5% of the amount of the unpaid scheduled payment, whichever amount is greater, on any payment not paid in full within 10 days of the scheduled payment date.
• Returned Payment Fee: $25 for any check, money order, payment (whether tangible or electronic), transfer or other instrument or item that is rejected or returned for any reason.
• Prepayment: There is no prepayment penalty.
• Repayment: Bi-weekly, semi-monthly (twice monthly) and monthly payment schedules are available; Consumer may choose to pay by recurring payments.
• Costs of Collection: To the extent permitted by law, Consumer will pay the costs of any attorney's fees incurred in connection with the referral of the Note to an attorney to collect the Loan after default.

Loan/CSO Fee Examples – Bi-Weekly Payment Examples: The following examples have an 11 payment, 154-day term with payments due every 14 days:

Loan/CSO Fee Examples – Semi-Monthly (twice monthly) Payment Examples: The following examples have a 10 payment, 150-day term with the first payment due 14 days from the origination date and payments due on the 1st and 15th of each month:

Loan/CSO Fee Examples – Monthly Payment Examples: The following examples have a 5-month term with payments due on the same date each month:

CSO is a credit services organization registered with the Texas Secretary of State.

CSO Registration Statement

CSO's agent in Texas authorized to receive service of process is Corporation Service Company d/b/a CSC-Lawyers Incorporating Service Company, 211 E. 7th Street, Suite 620, Austin, TX 78701-3136, Dallas, Texas 75201.

An advance of money obtained through a payday loan or auto title loan is not intended to meet long-term financial needs. A payday loan or auto title loan should only be used to meet immediate short-term cash needs. Refinancing the loan rather than paying the debt in full when due will require the payment of additional charges.