Tex. Fin. Code § 349.502 · Subchapter F. CRIMINAL OFFENSES
OFFENSE OF ENGAGING IN LENDING BUSINESS WITHOUT PROPER AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person commits an offense if the person engages in a business that is subject to Chapter 342, 346, or 351 without holding the license or other authorization required under that chapter.
(b) An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.
(c) Each loan made without the authority required by Chapter 342, 346, or 351 is a separate offense.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.57, eff. Sept. 1, 1999.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 2, eff. September 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.349.htm
- Text hash
- sha256 7736c91161791e34fa98004f11dd2896bf5e5c9a71718e9f73a3050f77000259
- 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
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