Texas § 152.059 RELATIONSHIP TO FEDERAL LAW.

Texas Statutes

§ 152.059 — RELATIONSHIP TO FEDERAL LAW.

Texas § 152.059

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 152.059 (2026).

Text

Sec. 152.059. RELATIONSHIP TO FEDERAL LAW.

(a)If state money transmission jurisdiction is conditioned in federal law, any inconsistency between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency.

(b)In the event of any inconsistency between this chapter and federal law that governs under Subsection (a), the commissioner may provide interpretive guidance that:

(1)identifies the inconsistency; and

(2)prescribes the appropriate means of compliance with federal law.

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Sec. 152.059. RELATIONSHIP TO FEDERAL LAW. (a) If state money transmission jurisdiction is conditioned in federal law, any inconsistency between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency.
(b) In the event of any inconsistency between this chapter and federal law that governs under Subsection (a), the commissioner may provide interpretive guidance that:
(1) identifies the inconsistency; and
(2) prescribes the appropriate means of compliance with federal law.