Texas Finance Code

§ 349.502 — OFFENSE OF ENGAGING IN LENDING BUSINESS WITHOUT PROPER AUTHORITY

FI § 349.502Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 349. PENALTIES AND LIABILITIES · Art. F. CRIMINAL OFFENSES

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(a)A person commits an offense if the person engages in a business that is subject to Chapter 342, 346, or 351 without holding the license or other authorization required under that chapter.

(b)An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.

(c)Each loan made without the authority required by Chapter 342, 346, or 351 is a separate offense. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.57, eff. Sept. 1, 1999. Amended by:

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 2, eff. September 1, 2007.