Tex. Fin. Code § 398.003 · Subchapter A. GENERAL PROVISIONS
EXEMPTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
This chapter does not apply to a provider or broker that is:
(1) a bank, out-of-state bank, bank holding company, credit union, federal credit union, out-of-state credit union, or any subsidiary or affiliate of those financial institutions;
(2) a person acting in the capacity of a technology services provider to an entity exempt under this section as part of the exempt entity's commercial sales-based financing program if the person has no interest, arrangement, or agreement to purchase any interest in the commercial sales-based financing extended in connection with the program;
(3) a lender regulated under the Farm Credit Act of 1971 (12 U.S.C. Section 2001 et seq.); or
(4) a person who extends or brokers:
(A) a commercial sales-based financing transaction secured by real property;
(B) a lease, as defined by Section 2A.103, Business & Commerce Code;
(C) a commercial sales-based financing transaction entered into under a commercial sales-based financing agreement or commercial open-end credit plan of $50,000 or more in which the recipient is:
(i) a dealer, as defined by Section 503.001, Transportation Code; or
(ii) a motor vehicle rental company or an affiliate of a motor vehicle rental company; or
(D) a commercial sales-based financing transaction in connection with the sale of products or services that:
(i) the person manufactures, licenses, or distributes; or
(ii) a parent company, subsidiary, or affiliate of the person described by Subparagraph (i) manufactures, licenses, or distributes.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700), Sec. 1, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.398.htm
- Text hash
- sha256 42475d6ff4de6b840f89c79795dd19d7f1f741bde61e11790e04855dc9c09f84
- 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
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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.