Texas Finance Code
§ 152.410 — REQUIREMENTS AND NOTICE AND HEARING PROCEDURES FOR EMERGENCY ORDERS
FI § 152.410Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 152. REGULATION OF MONEY SERVICES BUSINESSES · Art. I. ENFORCEMENT
Statute text
View on source(a)This section applies to an emergency order issued by the commissioner under this subchapter.
(b)The commissioner may issue an emergency order, without prior notice and an opportunity for hearing, if the commissioner finds that:
(1)the action, violation, or condition that is the basis for the order:
(A)has caused or is likely to cause the insolvency of the money services licensee;
(B)has caused or is likely to cause the substantial dissipation of the money services licensee's assets or earnings;
(C)has seriously weakened or is likely to seriously weaken the condition of the money services licensee; or
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Legislative history
Acts 2025, 89th Leg., R.S., Ch. 642 (H.B. 3833), Sec. 13, eff. September 1, 2025.