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Texas Finance Code - FIN § 349.502. Offense of Engaging in Lending Business Without Proper Authority

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A person commits an offense if the person engages in a business that is subject to Chapter 342, 346, or 351 without holding the license or other authorization required under that chapter.

(b) An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.

(c) Each loan made without the authority required by Chapter 342, 346, or 351 is a separate offense.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 349.502. Offense of Engaging in Lending Business Without Proper Authority - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-349-502/

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