Texas Finance Code

§ 154.002 — DEFINITIONS

FI § 154.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 154. PREPAID FUNERAL SERVICES · Art. A. GENERAL PROVISIONS

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In this chapter:

(1)"Cash advance item" has the meaning assigned by 16 C.F.R. Section 453.1. (1-a) "Commission" means the Finance Commission of Texas.

(2)"Commissioner" means the banking commissioner of Texas.

(3)"Department" means the Texas Department of Banking.

(4)"Earnings" means the amount in an account in excess of the amount paid by the purchaser of a prepaid funeral benefits contract that is deposited in the account as provided by Section 154.253, including accrued interest, accrued income, and enhanced or increased value.

(5)"Financial institution" has the meaning assigned by Section 201.101.

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Legislative history

Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762), Sec. 1, eff. September 1, 2009. Acts 2025, 89th Leg., R.S., Ch. 929 (H.B. 1094), Sec. 1, eff. September 1, 2025.