Tex. Fin. Code § 393.611 · Subchapter G. LICENSING AND REGULATION OF CERTAIN CREDIT SERVICES ORGANIZATIONS
MINIMUM ASSETS FOR LICENSE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A license holder shall maintain net assets used or readily available for use in conducting the business of each of the offices for which a license is held under this subchapter, in an amount that is not less than the lesser of:
(1) $25,000 for each office; or
(2) $2,500,000 in the aggregate.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.
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 7ccbe9dcabe3ac01a3739c91948a58ef202e93762cedb3c9766e7fa8e78f45f6
- 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 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 393.611. Each shows the citation as that text prints it.
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