Texas Finance Code

§ 342.052 — ISSUANCE OF MORE THAN ONE LICENSE FOR A PERSON

FI § 342.052Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 342. CONSUMER LOANS · Art. B. AUTHORIZED ACTIVITIES; LICENSE

Statute text

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(a)The commissioner may issue more than one license to a person on compliance with this chapter for each license.

(b)A person who is required to hold a license under this chapter must hold a separate license for each office at which loans are made, negotiated, serviced, held, or collected under this chapter.

(c)A license is not required under this chapter for a place of business:

(1)devoted to accounting or other recordkeeping; and

(2)at which loans are not made, negotiated, serviced, held, or collected under this chapter or Chapter 346.

Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999. Amended by Acts 1999, 76th Leg., ch. 909, Sec. 2.07, eff. Sept. 1, 1999.