{"data":{"id":"us-tx/tex.-finance-code-152.205","jurisdiction":"us-tx","citation":"Tex. Finance Code § 152.205","heading":"REPORTS OF CERTAIN EVENTS.","body":"(a) A money services licensee shall file a report with the commissioner not later than the first business day after the licensee has reason to know of:\n(1) the filing of a petition by or against the licensee under the United States Bankruptcy Code (11 U.S.C. Sections 101-1532) for bankruptcy or reorganization;\n(2) the filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for the licensee's dissolution or reorganization, or the making of a general assignment for the benefit of the licensee's creditors; or\n(3) the commencement of a proceeding to revoke or suspend the licensee's license in a state or country in which the licensee engages in or is licensed to engage in money services business.\n(b) A money services licensee shall file a report with the commissioner not later than the third business day after the licensee has reason to know of the occurrence of a felony charge or conviction of:\n(1) the licensee or a key individual;\n(2) a person in control of the licensee; or\n(3) an authorized delegate.\nAdded by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895), Sec. 1.01, eff. September 1, 2023.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE E. OTHER FINANCIAL BUSINESSES","CHAPTER 152. REGULATION OF MONEY SERVICES BUSINESSES","SUBCHAPTER E. REPORTING AND RECORDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.152.htm#152.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"0a9bf7e1af0413a113c139f853b4e9570018fbc2cae2226be8a77a5571533121","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-152.204","next":"us-tx/tex.-finance-code-152.206"},"notice":"GroundRules: Original legal text. Not legal advice."}