Texas Finance Code

§ 351.153 — MINIMUM ASSETS FOR LICENSE

FI § 351.153Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 351. PROPERTY TAX LENDERS · Art. D. LICENSE

Statute text

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A license holder shall maintain for each office for which a license is held net assets of at least $25,000 that are used or readily available for use in conducting the business of that office.

Legislative history

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