Texas § 152.352 SECURITY FOR MONEY TRANSMISSION LICENSEE.

Texas Statutes

§ 152.352 — SECURITY FOR MONEY TRANSMISSION LICENSEE.

Texas § 152.352

Code FIFinance Code

This text of Texas § 152.352 (SECURITY FOR MONEY TRANSMISSION LICENSEE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 152.352 (2026).

Text

Sec. 152.352. SECURITY FOR MONEY TRANSMISSION LICENSEE.

(a)A money transmission licensee shall at all times maintain security consisting of a surety bond in a form satisfactory to the commissioner. With the commissioner's approval, a money transmission licensee may maintain a deposit in lieu of a bond under this section.

(b)The amount of the required security for a money transmission licensee under this section is:

(1)for a licensee with a tangible net worth in an amount not greater than 10 percent of the licensee's total assets, the greater of:

(A)$100,000; or

(B)100 percent of the licensee's average daily money transmission liability in this state for the most recently completed three-month period, up to a maximum amount of $500,000; or

(2)for a licensee with a tangible net worth i

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Sec. 152.352. SECURITY FOR MONEY TRANSMISSION LICENSEE. (a) A money transmission licensee shall at all times maintain security consisting of a surety bond in a form satisfactory to the commissioner. With the commissioner's approval, a money transmission licensee may maintain a deposit in lieu of a bond under this section.
(b) The amount of the required security for a money transmission licensee under this section is:
(1) for a licensee with a tangible net worth in an amount not greater than 10 percent of the licensee's total assets, the greater of:
(A) $100,000; or
(B) 100 percent of the licensee's average daily money transmission liability in this state for the most recently completed three-month period, up to a maximum amount of $500,000; or
(2) for a licensee with a tangible net worth in an amount greater than 10 percent of the licensee's total assets, $100,000.
(c) A money transmission licensee that maintains a bond in the maximum amount provided for under Subsection (b) may not be required to calculate the licensee's average daily money transmission liability in this state for purposes of this section.
(d) A money transmission licensee may exceed the maximum required bond amount under Section 152.356 (a)(5).