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Texas Finance Code - FIN § 151.303. Additional Qualifications

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In addition to the general qualifications for licensure set forth in Section 151.202, an applicant for a money transmission license must demonstrate to the satisfaction of the commissioner that:

(1) the applicant has and will maintain the minimum net worth required under Section 151.307;

(2) the applicant's financial condition will enable the applicant to safely and soundly engage in the business of money transmission;  and

(3) the applicant does not engage in any activity or practice that adversely affects the applicant's safety and soundness.

Cite this article: - Texas Finance Code - FIN § 151.303. Additional Qualifications - last updated April 14, 2021 |

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