reglab/housing_qa huggingface dataset:
TX Fin Code § 393.607 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.607. Approval or Denial of Application

Sec. 393.607.  APPROVAL OR DENIAL OF APPLICATION.  (a)  The commissioner shall approve the application and issue to the applicant a license to operate as a credit access business for purposes of engaging in the activity to which this subchapter applies if the commissioner finds that:(1)  the financial responsibility, experience, character, and general fitness of the applicant are sufficient to:(A)  command the confidence of the public; and(B)  warrant the belief that the business will be operated lawfully and fairly, within the purposes of this subchapter; and(2)  the applicant has net assets of at least $25,000 available for the operation of the business as determined in accordance with Section 393.611.(b)  If the commissioner does not find the eligibility requirements of Subsection (a) have been met, the commissioner shall notify the applicant.(c)  If an applicant requests a hearing on the application not later than the 30th day after the date of notification under Subsection (b), the applicant is entitled to a hearing not later than the 30th day after the date of the request.(d)  The commissioner shall approve or deny the application not later than the 30th day after the date of the filing of a completed application with payment of the required fees, or if a hearing is held, after the date of the completion of the hearing on the application.  The commissioner and the applicant may agree to a later date in writing.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.608 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.608. Disposition of Fees on Denial of Application

Sec. 393.608.  DISPOSITION OF FEES ON DENIAL OF APPLICATION.  If the commissioner denies the application, the commissioner shall retain the investigation fee and shall return to the applicant the license fee submitted with the application.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.6085 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.6085. License Term

Sec. 393.6085.  LICENSE TERM.  A license issued under this chapter is valid for the period prescribed by finance commission rule adopted under Section 14.112.|Added by Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 85, eff. September 1, 2019.|
TX Fin Code § 393.609 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.609. Name and Place of License

Sec. 393.609.  NAME AND PLACE OF LICENSE.  (a)  A license issued under this subchapter must state:(1)  the name of the license holder; and(2)  the address of the office from which the business is to be conducted, except as provided by Subsection (c).(b)  A license holder may not conduct business under this subchapter under a name other than the name stated on the license.(c)  A license holder may not conduct business at a location other than the address stated on the license, except that a license holder:(1)  is not required to have an office in this state; and(2)  may operate using e-commerce methods, including the Internet.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.610 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.610. License Display

Sec. 393.610.  LICENSE DISPLAY.  A license holder shall display a license at the place of business provided on the license.  With respect to business conducted through the Internet, this requirement may be satisfied by displaying the license on the business's Internet website.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.611 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.611. Minimum Assets for License

Sec. 393.611.  MINIMUM ASSETS FOR LICENSE.  A license holder shall maintain net assets used or readily available for use in conducting the business of each of the offices for which a license is held under this subchapter, in an amount that is not less than the lesser of:(1)  $25,000 for each office; or(2)  $2,500,000 in the aggregate.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.6115 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.6115. Grounds for Refusal to Renew

Sec. 393.6115.  GROUNDS FOR REFUSAL TO RENEW.  The commissioner may refuse to renew the license of a credit access business who fails to comply with an order issued by the commissioner to enforce this chapter.|Added by Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 85, eff. September 1, 2019.|
TX Fin Code § 393.612 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.612. License Fee

Sec. 393.612.  LICENSE FEE. Not later than the 30th day before the date the license expires, a license holder shall pay to the commissioner for each license held a fee in an amount determined as provided by Section 14.107.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.Amended by: Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 86, eff. September 1, 2019.|
TX Fin Code § 393.613 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.613. Expiration of License on Failure to Pay Fee

Sec. 393.613.  EXPIRATION OF LICENSE ON FAILURE TO PAY FEE. If the fee for a license is not paid before the 16th day after the date on which the written notice of delinquency of payment has been given to the license holder, the license expires on that day.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.Amended by: Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 87, eff. September 1, 2019.|
TX Fin Code § 393.614 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.614. License Suspension or Revocation

Sec. 393.614.  LICENSE SUSPENSION OR REVOCATION.  (a)  After notice and opportunity for a hearing, the commissioner may suspend or revoke a license if the commissioner finds that:(1)  the license holder failed to pay the license fee, an examination fee, an investigation fee, or another charge imposed by the commissioner under this subchapter;(2)  the license holder, knowingly or without the exercise of due care, violated this chapter or a rule adopted or order issued under this chapter; or(3)  a fact or condition exists that, if it had existed or had been known to exist at the time of the original application for the license, clearly would have justified the commissioner's denial of the application.(b)  If in a three-year period the commissioner suspends or revokes under this section the licenses of five or more credit access businesses owned or controlled by the same person, including a corporation that owns multiple businesses, the commissioner may suspend or revoke the licenses of all credit access businesses owned or controlled by that person.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.Amended by: Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 88, eff. September 1, 2019.|
TX Fin Code § 393.615 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.615. License Suspension or Revocation Filed With Public Records

Sec. 393.615.  LICENSE SUSPENSION OR REVOCATION FILED WITH PUBLIC RECORDS.  The decision of the commissioner on the suspension or revocation of a license and the evidence considered by the commissioner in making the decision shall be filed in the public records of the commissioner.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.616 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.616. Reinstatement of Suspended License; Issuance of New License After Revocation

Sec. 393.616.  REINSTATEMENT OF SUSPENDED LICENSE; ISSUANCE OF NEW LICENSE AFTER REVOCATION.  The commissioner may reinstate a suspended license or issue a new license on application to a person whose license has been revoked if at the time of the reinstatement or issuance no fact or condition exists that clearly would have justified the commissioner's denial of an original application for the license.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.617 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.617. Surrender of License

Sec. 393.617.  SURRENDER OF LICENSE.  A license holder may surrender a license issued under this subchapter by delivering to the commissioner:(1)  the license; and(2)  a written notice of the license's surrender.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.618 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.618. Effect of License Suspension, Revocation, or Surrender

Sec. 393.618.  EFFECT OF LICENSE SUSPENSION, REVOCATION, OR SURRENDER.  (a)  The suspension, revocation, or surrender of a license issued under this subchapter does not affect the obligation of a contract between the license holder and a consumer entered into before the revocation, suspension, or surrender.(b)  Surrender of a license does not affect the license holder's civil or criminal liability for an act committed before surrender.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.619 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.619. Moving an Office

Sec. 393.619.  MOVING AN OFFICE.  (a)  A license holder shall give written notice to the commissioner before the 30th day before the date the license holder moves an office from the location provided on the license.(b)  The commissioner shall amend a license holder's license accordingly.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.620 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.620. Transfer or Assignment of License

Sec. 393.620.  TRANSFER OR ASSIGNMENT OF LICENSE.  A license may be transferred or assigned only with the approval of the commissioner.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.621 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.621. Administration

Sec. 393.621.  ADMINISTRATION.  The office shall administer this subchapter.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.622 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.622. Rules

Sec. 393.622.  RULES.  (a)  The finance commission may:(1)  adopt rules necessary to enforce and administer this subchapter;(2)  adopt rules with respect to the quarterly reporting by a credit access business licensed under this subchapter of summary business information relating to extensions of consumer credit described by Section 393.602(a); and(3)  adopt rules with respect to periodic examination by the office relating to extensions of consumer credit described by Section 393.602(a), including rules related to charges for defraying the reasonable cost of conducting the examinations.(b)  The finance commission may adopt rules under this section to allow the commissioner to review, as part of a periodic examination, any relevant contracts between the credit access business and the third-party lender organizations with which the credit access business contracts to provide services described by Section 393.602(a) or from which the business arranges extensions of consumer credit described by Section 393.602(a).  A contract or information obtained by the commissioner under this section is considered proprietary and confidential to the respective parties to the contract, and is not subject to disclosure under Chapter 552, Government Code.(c)  Nothing in Section 393.201(c) or Sections 393.601-393.628 grants authority to the finance commission or the Office of Consumer Credit Commissioner to establish a limit on the fees charged by a credit access business.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.623 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.623. Providing or Advertising Services Without License Prohibited

Sec. 393.623.  PROVIDING OR ADVERTISING SERVICES WITHOUT LICENSE PROHIBITED.  A credit access business or a representative of the business may not provide or advertise the services of the business if the business is not licensed under this subchapter.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.624 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.624. Restrictions on Off-Site Advertising

Sec. 393.624.  RESTRICTIONS ON OFF-SITE ADVERTISING.  (a)  A credit access business may not advertise on the premises of a nursing facility, assisted living facility, group home, intermediate care facility for persons with mental retardation, or other similar facility subject to regulation by the Department of Aging and Disability Services.(b)  The finance commission may adopt rules to implement this section.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.625 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.625. Military Borrowers

Sec. 393.625.  MILITARY BORROWERS.  An extension of consumer credit described by Section 393.602(a) that is obtained by a credit access business for a member of the United States military or a dependent of a member of the United States military or that the business assisted that person in obtaining must comply with 10 U.S.C. Section 987 and any regulations adopted under that law, to the extent applicable.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.626 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.626. Debt Collection Practices

Sec. 393.626.  DEBT COLLECTION PRACTICES.  A violation of Chapter 392 by a credit access business with respect to an extension of consumer credit described by Section 393.602(a) constitutes a violation of this subchapter.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.627 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.627. Quarterly Report to Commissioner

Sec. 393.627.  QUARTERLY REPORT TO COMMISSIONER.  A credit access business shall file a quarterly report with the commissioner on a form prescribed by the commissioner that provides the following information relating to extensions of consumer credit described by Section 393.602(a) during the preceding quarter:(1)  the number of consumers for whom the business obtained or assisted in obtaining those extensions of consumer credit;(2)  the number of those extensions of consumer credit obtained by the business or that the business assisted consumers in obtaining;(3)  the number of refinancing transactions of the extensions of consumer credit described by Subdivision (2);(4)  the number of consumers refinancing the extensions of consumer credit described by Subdivision (2);(5)  the number of consumers refinancing more than once the extensions of consumer credit described by Subdivision (2);(6)  the average amount of the extensions of consumer credit described by Subdivision (2);(7)  the total amount of fees charged by the business for the activities described by Subdivision (1);(8)  the number of vehicles surrendered or repossessed under the terms of an extension of consumer credit in the form of a motor vehicle title loan obtained by the business or that the business assisted a consumer in obtaining;(9)  the mean, median, and mode of the number of extensions of consumer credit obtained by consumers as a result of entering into the extensions of consumer credit described by Subdivision (2); and(10)  any related information the commissioner determines necessary.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 393.628 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 393 - Credit Services Organizations|Subchapter G. Licensing and Regulation of Certain Credit Services Organizations|Section 393.628. Texas Financial Education Endowment

Sec. 393.628.  TEXAS FINANCIAL EDUCATION ENDOWMENT.  (a)  As part of the licensing fee and procedures described under this subchapter, each credit access business or license holder shall pay to the commissioner an annual assessment to improve consumer credit, financial education, and asset-building opportunities in this state.  The annual assessment may not exceed $200 for each license as specified by the finance commission.(b)  The commissioner shall remit to the comptroller amounts received under Subsection (a) for deposit in an interest-bearing deposit account in the Texas Treasury Safekeeping Trust Company.  Money in the account may be spent by the finance commission only for the purposes provided by this section.  Amounts in the account may be invested and reinvested in the same manner as funds of the Employees Retirement System of Texas, and the interest from those investments shall be deposited to the credit of the account.(c)  The Texas Financial Education Endowment shall be administered by the finance commission to support statewide financial education and consumer credit building activities and programs, including:(1)  production and dissemination of approved financial education materials at licensed locations;(2)  advertising, marketing, and public awareness campaigns to improve the credit profiles and credit scores of consumers in this state;(3)  school and youth-based financial literacy and capability;(4)  credit building and credit repair;(5)  financial coaching and consumer counseling;(6)  bank account enrollment and incentives for personal savings; and(7)  other consumer financial education and asset-building initiatives as considered appropriate by the finance commission.(d)  In implementing this section, the finance commission may solicit gifts, grants, and donations for this purpose.(e)  The finance commission may partner with other state agencies and entities to implement this section.(f)  The finance commission shall adopt rules to administer this section.|Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.|
TX Fin Code § 394.001 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 394 - Debtor Assistance|Subchapter A. Debt Counseling and Education|Section 394.001. Duties of Commissioner

Sec. 394.001.  DUTIES OF COMMISSIONER.  The consumer credit commissioner shall provide advice and assistance to:(1)  encourage the establishment and operation of voluntary nonprofit debt-counseling services for residents of this state;  and(2)  coordinate, encourage, and aid public and private agencies, organizations and groups, and consumer credit institutions in the development and operation of voluntary education programs to promote the prudent and beneficial use of consumer credit by residents of this state.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 394.201 (2021)
2021 Texas Statutes|Finance Code|Title 5 - Protection of Consumers of Financial Services|Chapter 394 - Debtor Assistance|Subchapter C. Consumer Debt Management Services|Section 394.201. Purpose; Construction

Sec. 394.201.  PURPOSE; CONSTRUCTION.  (a)  The purpose of this subchapter is to protect consumers who contract for services with debt management services providers.(b)  This subchapter shall be liberally construed to accomplish its purpose.|Added by Acts 2005, 79th Leg., Ch. 336 (S.B. 1112), Sec. 1, eff. September 1, 2005.|