Tex. Fin. Code § 393.101 · Subchapter B. REGISTRATION AND DISCLOSURE STATEMENTS
REGISTRATION STATEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Before conducting business in this state, a credit services organization shall register with the secretary of state by filing a statement that:
(1) contains the name and address of:
(A) the organization; and
(B) each person who directly or indirectly owns or controls at least 10 percent of the outstanding shares of stock in the organization; and
(2) fully discloses any litigation or unresolved complaint relating to the operation of the organization filed with a governmental authority of this state or contains a notarized statement that there has been no litigation or unresolved complaint of that type.
(b) The organization shall keep a copy of the registration statement in its files.
(c) The secretary of state may not require an organization to provide information other than information contained in the registration statement.
(d) A registration certificate expires on the first anniversary of its date of issuance. A registered credit services organization may renew a registration certificate by filing a renewal application, in the form prescribed by the secretary of state, and paying the renewal fee.
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. 7.44(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.393.htm
- Text hash
- sha256 052fb241eb78a606bd73c605b3091f359ed0df610e82a7c9f5bded75d8231e9c
- 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
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.