Tex. Fin. Code § 152.405 · Subchapter I. ENFORCEMENT
CEASE AND DESIST ORDERS FOR MONEY SERVICES LICENSEE OR AUTHORIZED DELEGATE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may issue an order to cease and desist if the commissioner finds that:
(1) an action, violation, or condition listed in Section 152.403 or 152.404 exists with respect to a money services licensee or authorized delegate; and
(2) a cease and desist order is necessary to protect the interests of the money services licensee, the purchasers of the licensee's money services, or the public.
(b) A cease and desist order may require a money services licensee or authorized delegate to cease and desist from the action or violation or to take affirmative action to correct any condition resulting from or contributing to the action or violation, and the requirements of the order may apply to a key individual of the licensee or authorized delegate.
(c) The cease and desist order is subject to Section 152.409, unless the order is issued as an emergency order. The commissioner may issue an emergency cease and desist order in accordance with Section 152.410 if the commissioner finds that the factors identified in Section 152.410(b) exist.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895), Sec. 1.01, eff. September 1, 2023.
Amended by:
Acts 2025, 89th Leg., R.S., Ch. 642 (H.B. 3833), Sec. 12, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.152.htm
- Text hash
- sha256 32ff4eabf2bf6b3962c88ff1a668174c4b6a3058e47552b2dfe38c7b04c63f1d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Finance Code
- Tex. Fin. Code § 152.403SUSPENSION AND REVOCATION OF MONEY SERVICES LICENSE.Printed as Section 152.403 or 152.404
- Tex. Fin. Code § 152.404SUSPENSION AND REVOCATION OF AUTHORIZED DELEGATE DESIGNATION.Printed as Section 152.403 or 152.404
- Tex. Fin. Code § 152.409NOTICE, HEARING, AND OTHER PROCEDURES FOR NONEMERGENCY ORDERS.Printed as Section 152.409
- Tex. Fin. Code § 152.410REQUIREMENTS AND NOTICE AND HEARING PROCEDURES FOR EMERGENCY ORDERS.Printed as Section 152.410 | Section 152.410(b)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.