Texas Finance Code

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

FI § 351.161Title 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)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

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