Texas Finance Code
§ 152.107 — MAINTENANCE OF LICENSE
FI § 152.107Title 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)If a money services licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a money services license, the commissioner may suspend or revoke the licensee's license in accordance with the procedures established by this chapter or other applicable state law governing suspension or revocation.
(b)An applicant for a money transmission license must demonstrate that it meets or will meet the requirements in Sections 152.351, 152.352, 152.354, and 152.355. A money transmission licensee must at all times continue to meet the requirements of those sections.
(c)An applicant for a currency exchange license must demonstrate that it meets or will meet the requirements in Sections 152.353 and 152.354. A currency exchange licensee must at all times continue to meet the requirements of those sections.
(d)In addition to complying with the requirements of Subsection (a) and, as applicable, Subsection (b) or (c), a money services licensee must annually:
(1)pay a license fee in an amount established by commission rule; and
(2)submit a report under oath in the form and medium prescribed by the commissioner that contains the following information:
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Legislative history
Acts 2025, 89th Leg., R.S., Ch. 642 (H.B. 3833), Sec. 3, eff. September 1, 2025.