Texas Finance Code

§ 342.161 — EFFECT OF LICENSE SUSPENSION, REVOCATION, OR SURRENDER

FI § 342.161Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 342. CONSUMER LOANS · Art. D. LICENSE

Statute text

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(a)The suspension, revocation, or surrender of a license issued under this chapter does not affect the obligation of a contract between the license holder and a debtor entered into before the revocation, suspension, or surrender.

(b)Surrender of a license does not affect the license holder's civil or criminal liability for an act committed before surrender.

Legislative history

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