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Texas Finance Code

§ 394.203 — APPLICABILITY

FI § 394.203Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 394. DEBTOR ASSISTANCE · Art. C. CONSUMER DEBT MANAGEMENT SERVICES

Statute text

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(a)Except as otherwise provided by this subchapter, this subchapter applies to a provider regardless of whether the provider charges a fee or receives consideration for a service.
(b)The business of providing debt management services is conducted in this state if the debt management services provider solicits or contracts with consumers located in this state.
(c)This subchapter does not apply to:
(1)an attorney licensed to practice in this state, unless the attorney holds the attorney's self out to the public as a provider or is employed, affiliated with, or otherwise working on behalf of a provider;
(2)a title insurance or abstract company employee or agent, or other person legally authorized to engage in escrow business in the state, only while engaged in the escrow business;
(3)a judicial officer or person acting under a court order;

Legislative history

Added by Acts 2005, 79th Leg., Ch. 336 (S.B. 1112), Sec. 1, eff. September 1, 2005.