Texas Finance Code

§ 152.351 — NET WORTH OF MONEY TRANSMISSION LICENSEE

FI § 152.351Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 152. REGULATION OF MONEY SERVICES BUSINESSES · Art. H. PRUDENTIAL STANDARDS

Statute text

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(a)A money transmission licensee under this chapter shall maintain at all times a tangible net worth in an amount not less than:

(1)for a licensee with total assets in an amount not greater than $100 million, the greater of:

(A)$100,000; or

(B)3 percent of the value of the licensee's total assets;

(2)for a licensee with total assets in an amount greater than $100 million and not greater than $1 billion, the sum of $3 million and 2 percent of the additional assets in excess of $100 million; and

(3)for a licensee with total assets in an amount greater than $1 billion, the sum of $21 million and 0.5 percent of the additional assets in excess of $1 billion.

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Legislative history

Acts 2025, 89th Leg., R.S., Ch. 642 (H.B. 3833), Sec. 6, eff. September 1, 2025.