Texas Finance Code

§ 341.503 — WORK FROM REMOTE LOCATIONS

FI § 341.503Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 341. GENERAL PROVISIONS · Art. F. LICENSING AND REGULATION IN GENERAL

Statute text

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(a)Notwithstanding provisions of this subtitle that prohibit conducting business at an unlicensed location and except as provided by Subsection (b), a person licensed under this subtitle may allow an employee of the license holder to work from a remote location if the license holder:

(1)ensures that in-person consumer interactions will be conducted at a licensed location;

(2)maintains appropriate safeguards for license holder and consumer data, information, and records, including the use of secure virtual private networks where appropriate;

(3)employs appropriate risk-based monitoring and oversight processes for work performed from a remote location and maintains records of those processes;

(4)ensures that consumer information and records are not maintained at a remote location;

(5)ensures that license holder and consumer information and records, including written procedures and training for work from remote locations authorized under this section, are accessible and available to the commissioner or the commissioner's representative on request;

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Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 492 (H.B. 3510), Sec. 1, eff. September 1, 2021.