Tex. Fin. Code § 353.501 · Subchapter F. LICENSING; ADMINISTRATION OF CHAPTER
LICENSE REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person may not act as a holder under this chapter unless the person:
(1) is an authorized lender or a credit union; or
(2) holds a license issued under Chapter 348 or this chapter.
(b) A person who is required to hold a license under this chapter must ensure that each office at which retail installment transactions are made, serviced, held, or collected under this chapter is licensed or otherwise authorized to make, service, hold, or collect retail installment transactions in accordance with this chapter and rules implementing this chapter.
(c) A person may not use any device, subterfuge, or pretense to evade the application of this section.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.353.htm
- Text hash
- sha256 f6ecc909e18d94981019abef495865984ab492f98433fc10175a54d5a0e9ad02
- 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.
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.