Texas Finance Code

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

FI § 393.618Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 393. CREDIT SERVICES ORGANIZATIONS · Art. G. LICENSING AND REGULATION OF CERTAIN CREDIT SERVICES ORGANIZATIONS

Statute text

View on source

(a)The suspension, revocation, or surrender of a license issued under this subchapter does not affect the obligation of a contract between the license holder and a consumer 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 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.