Texas Finance Code

§ 394.204 — REGISTRATION

FI § 394.204Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 394. DEBTOR ASSISTANCE · Art. C. CONSUMER DEBT MANAGEMENT SERVICES

Statute text

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(a)A person, regardless of whether located in this state, may not provide a debt management service to a consumer in this state unless the person is registered with the commissioner.

(b)A registration issued under this section is valid for the period prescribed by finance commission rule adopted under Section 14.112.

(c)An application for an initial registration must be in a form prescribed by the commissioner and accompanied by:

(1)the appropriate fees set by the finance commission in an amount necessary to recover the costs of administering this subchapter;

(2)the surety bond or insurance required by Section 394.206;

(3)the applicant's name, the applicant's principal business address and telephone number, all other business addresses of the applicant in this state, and the applicant's electronic mail address and Internet website address;

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 48 (S.B. 884), Sec. 1, eff. September 1, 2007. Acts 2011, 82nd Leg., R.S., Ch. 368 (S.B. 141), Sec. 2, eff. September 1, 2011. Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 89, eff. September 1, 2019.