Texas § 349.502 OFFENSE OF ENGAGING IN LENDING BUSINESS WITHOUT PROPER AUTHORITY.

Texas Statutes

§ 349.502 — OFFENSE OF ENGAGING IN LENDING BUSINESS WITHOUT PROPER AUTHORITY.

Texas § 349.502

Code FIFinance Code

This text of Texas § 349.502 (OFFENSE OF ENGAGING IN LENDING BUSINESS WITHOUT PROPER AUTHORITY.) 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. § 349.502 (2026).

Text

Sec. 349.502. OFFENSE OF ENGAGING IN LENDING BUSINESS WITHOUT PROPER AUTHORITY.

(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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Sec. 349.502. OFFENSE OF ENGAGING IN LENDING BUSINESS WITHOUT PROPER AUTHORITY. (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.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.57, eff. Sept. 1, 1999. Amended by: Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138 ), Sec. 2, eff. September 1, 2007.