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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 353.501: LICENSE REQUIRED.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
  3. SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
  4. CHAPTER 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES
  5. SUBCHAPTER F. LICENSING; ADMINISTRATION OF CHAPTER

(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.

Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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