South Texas Loan Co N Washington St, Beeville

OCCC CASE NO. L18-00171 INJUNCTIVE ORDER TO FILE TIMELY AND ACCURATE ANNUAL REPORTS South Texas Loan is a regulated lender licensed by the OCCC under Chapter 342 of the Texas Finance Code. South Texas Loan operates under master file number 1391 at one licensed location, under license number 7034. South Texas Loan’s compliance officer is William Beazley, III, and its designated contact address is 210 N. Washington St., Beeville, Texas 78102. A regulated lender must file annual reports with the Consumer Credit Commissioner (“Commissioner”).2 A regulated lender must file the required annual report by May 1 for the prior year’s calendar loan activity on forms prescribed by the Commissioner and must comply with all instructions relating to submitting the report.3 South Texas Loan did not file its 2017 annual report with the Commissioner by May 1, 2018. In correspondence dated May 8, 2018, the OCCC notified South Texas Loan that its 2017 annual report had not been received and extended the deadline to file the report to May 18, 2018. As of the date of this Order, the OCCC has not received South Texas Loan’s 2017 annual report. The Commissioner may issue an injunction ordering a regulated lender to file one or more complete, accurate, and timely annual reports if the Commissioner has reasonable cause to believe that the regulated lender is violating Chapter 342 of the Texas Finance Code.4 The Commissioner has reasonable cause to believe that South Texas Loan is violating Chapter 342 of the Texas Finance Code, and therefore issues this Order, because South Texas Loan failed to timely file its 2017 annual report.