Texas Finance Code

§ 342.053 — AREA OF BUSINESS; LOANS BY MAIL OR ONLINE

FI § 342.053Title 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)A lender is not limited to making loans to residents of the community in which the office for which the license or other authority is granted.

(b)A lender may make, negotiate, arrange, and collect loans by mail or online from a licensed office. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999. Amended by:

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 16, eff. September 1, 2019. Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 17, eff. September 1, 2019.