Texas Finance Code

§ 393.303 — CHARGE OR RECEIPT OF CONSIDERATION FOR REFERRAL

FI § 393.303Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 393. CREDIT SERVICES ORGANIZATIONS · Art. D. PROHIBITIONS AND RESTRICTIONS

Statute text

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A credit services organization or a representative of the organization may not charge or receive from a consumer valuable consideration solely for referring the consumer to a retail seller who will or may extend to the consumer credit that is substantially the same as that available to the public.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.