Tex. Fin. Code § 342.552 · Subchapter L. ADMINISTRATION OF CHAPTER
EXAMINATION OF LENDERS; ACCESS TO RECORDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner or the commissioner's representative shall, at the times the commissioner considers necessary:
(1) examine each place of business of each authorized lender; and
(2) investigate the lender's transactions, including loans, and records, including books, accounts, papers, and correspondence, to the extent the transactions and records pertain to the business regulated under this chapter.
(b) The lender shall:
(1) give the commissioner or the commissioner's representative free access to the lender's office, place of business, files, safes, and vaults; and
(2) allow the commissioner or the commissioner's authorized representative to make a copy of an item that may be investigated under Subsection (a)(2).
(c) During an examination the commissioner or the commissioner's representative may administer oaths and examine any person under oath on any subject pertinent to a matter that the commissioner is authorized or required to consider, investigate, or secure information about under this chapter.
(d) Information obtained under this section is confidential.
(e) A lender's violation of Subsection (b) is a ground for the suspension or revocation of the lender's license.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm
- Text hash
- sha256 2d37a1b408ce6fdbaa03c97c3ca3c2375464e7feddf1255bed18cf596b411696
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Fin. Code § 342.552. Each shows the citation as that text prints it.
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.