TitleMax Title Loans – 1595 W Main St
Sources & References
https://en.wikipedia.org/wiki/TitleMax
TitleMax, Inc. is an American privately owned title lending business with corporate offices in Dallas, Texas and Savannah, Georgia. The company has more than 1,100 stores in sixteen states. TitleMax serves individuals who generally have limited access to consumer credit from banks, thrift institutions, credit card lenders, and other traditional sources of consumer credit. TitleMax offers title loan and title pawn products which allow customers to meet their liquidity needs by borrowing against
https://scfairlending.org/cfpbarticle
TitleMax is made up of TMX Finance LLC and numerous subsidiaries across the United States with both in-person and online locations. TitleMax’s headquarters is in Savannah, Georgia, and it is engaged in the business of extending short-term, high-cost consumer loans that are secured by borrowers’ vehicle titles. According to TitleMax, consumers can receive a title loan of up to $10,000.... TitleMax is privately owned, and currently has more than 1,000 locations in 18 states: Alabama, Arizona,
https://www.yelp.com/biz/titlemax-title-loans-houston-69
Specialties: The TitleMax team is here to help. We will do our very best to help every person who walks through our doors find a lending option that works for them. We may be able to help even if you don't have perfect credit. We offer swift lending decisions and same day funds, so pop by today to learn more and apply. Established in 1998. The FM 1960 W. TitleMax store provides residents of the Houston area with title loans and personal loans. We are located at 992 FM 1960 West in the strip
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Frequently Asked Questions about TitleMax Title Loans
History highlights relevant to League City:
- TitleMax started in Columbus, Georgia, in 1998 and expanded to Savannah and beyond, eventually establishing numerous out-of-state locations including Texas stores as part of its rapid expansion.
- The chain emphasizes title loans and title pawns, offering quick decisions and same-day funds, consistent with its nationwide business model.
For the most precise, store-specific history (opening dates, ownership details, and local regulatory notes) you can contact the League City store directly or check regional business directories and local news archives. The broader corporate history is documented in sources about TitleMax nationwide operations.
Additional concerns include hidden or misleading terms, aggressive sales tactics, and risk of vehicle loss if the loan defaults. Reports and investigations document practices that can misstate costs or pressure borrowers into renewed loans rather than paying down the balance. For more context and consumer protections, see federal and state guidelines and watchdog analyses.
- Core answer: Title loans are regulated state-by-state; in Texas, title loan activity is governed by state lending laws that set licensing, disclosure, interest, and term limits for vehicle-secured loans. TitleMax operates under Texas license requirements and must comply with Texas rules on rate disclosures, loan terms, and repossession practices.
- Texas context: Texas requires title lenders to be licensed and to provide clear disclosures. The state imposes consumer protections around loan amounts, term lengths, and the handling of repossessions. For specifics on TitleMax in League City, TX 77573, review the Texas Department of Savings and Mortgage Lending guidelines and the TitleMax store disclosures.
- Dallas case: TitleMax of Texas Inc. v. City of Dallas challenged city ordinances regulating title loan practices; the dispute involved claims the amendments were beyond the city’s power and impacted TitleMax’s operations in Dallas. The federal case underscores tensions over regulatory scope vs. state statutes in Texas lending.
- Privacy and data issues: A Texas privacy class action settled in 2019 over TitleMax allegedly obtaining motor vehicle records to market services without consent, triggering DPPA violations and cash payments to affected consumers.
- Broader regulatory scrutiny: The parent company TMX Finance has faced CFPB actions for abusive practices in multiple states, including Texas-adjacent concerns raised in national reporting and regulatory correspondence. If you need, I can point you to official court dockets or the settlement notices for more details.