Texas Finance Code
§ 152.105 — INFORMATION REQUIREMENTS FOR CERTAIN INDIVIDUALS
FI § 152.105Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 152. REGULATION OF MONEY SERVICES BUSINESSES · Art. C. MONEY SERVICES LICENSES
Statute text
View on source(a)An individual who is in control of a money services licensee or applicant, who seeks to acquire control of a money services licensee, or who is a key individual of a money services licensee or applicant shall provide to the commissioner the individual's:
(1)fingerprints for submission to the Federal Bureau of Investigation and the commissioner for purposes of a national criminal history background check unless the person currently resides outside of the United States and has resided outside of the United States for the 10-year period preceding the submission of the application; and
(2)personal history and experience, in a form and medium prescribed by the commissioner, that contains the following information:
(A)if the individual has a social security number, an independent credit report for the individual from a consumer reporting agency;
(B)information related to any criminal convictions or pending charges against the individual; and
(C)information related to any regulatory or administrative action and any civil litigation against the individual involving claims of fraud, misrepresentation, conversion, mismanagement of funds, breach of fiduciary duty, or breach of contract.
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Legislative history
Acts 2025, 89th Leg., R.S., Ch. 642 (H.B. 3833), Sec. 1, eff. September 1, 2025.