Texas Finance Code

§ 341.404 — PROHIBITED ACTS RELATING TO A LOAN

FI § 341.404Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 341. GENERAL PROVISIONS · Art. E. PROHIBITIONS AND VIOLATIONS

Statute text

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A person may not perform an act, including advertising, or offer a service that would cause another to believe that the person is offering to make, arrange, or negotiate a loan that is subject to this subtitle, Subtitle C, or Chapter 394 unless the person is authorized to perform the act or offer the service as:

(1)a credit service organization under Chapter 393;

(2)a pawnbroker under Chapter 371; or

(3)an authorized lender.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.