reglab/housing_qa huggingface dataset:
TX Fin Code § 342.104 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter C. Application for and Issuance of License|Section 342.104. Approval or Denial of Application

Sec. 342.104.  APPROVAL OR DENIAL OF APPLICATION.  (a)  The commissioner shall approve the application and issue to the applicant a license to make loans under this chapter 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 chapter;  and(2)  the applicant has net assets of at least $25,000 available for the operation of the business.(b)  If the commissioner does not find the eligibility requirements of Subsection (a), 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 60th day after the date of the request.(d)  The commissioner shall approve or deny the application not later than the 60th 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.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.105 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter C. Application for and Issuance of License|Section 342.105. Disposition of Fees on Denial of Application

Sec. 342.105.  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.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.106 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter C. Application for and Issuance of License|Section 342.106. License Term

Sec. 342.106.  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. 20, eff. September 1, 2019.|
TX Fin Code § 342.151 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.151. Name and Place on License

Sec. 342.151.  NAME AND PLACE ON LICENSE.  (a)  A license must state:(1)  the name of the license holder;  and(2)  the address of the office from which the business is to be conducted.(b)  A license holder may not conduct business under this chapter under a name or at a place of business in this state other than the name or office stated on the license.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.152 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.152. License Display

Sec. 342.152.  LICENSE DISPLAY.  A license holder shall display a license at the place of business provided on the license.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.153 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.153. Minimum Assets for License

Sec. 342.153.  MINIMUM ASSETS FOR LICENSE.  (a)  Except as provided by Subsection (b) or (c), a license holder shall maintain for each office for which a license is held net assets of at least $25,000 that are used or readily available for use in conducting the business of that office.(b)  A license holder who held a license under the Texas Regulatory Loan Act and was issued a license to make loans under that chapter as provided by Section 4, Chapter 274, Acts of the 60th Legislature, Regular Session, 1967, shall maintain for the office for which that license is held net assets of at least $15,000 that are used or readily available for use in conducting the business of that office.(c)  A license holder who paid the pawnbroker's occupational tax for 1967 and was issued a license to make loans under that chapter as provided by Section 4, Chapter 274, Acts of the 60th Legislature, Regular Session, 1967, is exempt from the minimum assets requirement of Subsection (a) for the office for which that license is held.(d)  If a license holder holds a license to which Subsection (b) or (c) applies and subsequently transfers the license to another person, the minimum assets required under Subsection (a) shall apply to the license and the subsequent license holder.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.154 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.154. License Fee

Sec. 342.154.  LICENSE FEE. Not later than 30 days 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.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999;  Acts 2001, 77th Leg., ch. 1235, Sec. 15, eff. Sept. 1, 2001.Amended by: Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 21, eff. September 1, 2019.|
TX Fin Code § 342.155 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.155. Expiration of License on Failure to Pay Fee

Sec. 342.155.  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.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.Amended by: Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 22, eff. September 1, 2019.|
TX Fin Code § 342.1555 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.1555. Grounds for Refusing Renewal

Sec. 342.1555.  GROUNDS FOR REFUSING RENEWAL.  The commissioner may refuse to renew the license of a person 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. 23, eff. September 1, 2019.|
TX Fin Code § 342.156 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.156. License Suspension or Revocation

Sec. 342.156.  LICENSE SUSPENSION OR REVOCATION.  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 chapter;(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;(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; or(4)  the license holder has failed to ensure that an individual acting as a residential mortgage loan originator, as defined by Section 180.002, in the making, transacting, or negotiating of a loan subject to this chapter is licensed under this chapter in accordance with Section 342.0515.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 11, eff. June 19, 2009.Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 24, eff. September 1, 2019.|
TX Fin Code § 342.157 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.157. Corporate Charter Forfeiture

Sec. 342.157.  CORPORATE CHARTER FORFEITURE.  (a)  A license holder who violates this chapter is subject to revocation of the holder's license and, if the license holder is a corporation, forfeiture of its charter.(b)  When the attorney general is notified of a violation of this chapter and revocation of a license, the attorney general shall file suit in a district court in Travis County, if the license holder is a corporation, for forfeiture of the license holder's charter.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.158 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.158. License Suspension or Revocation Filed With Public Records

Sec. 342.158.  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.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.159 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.159. Reinstatement of Suspended License; Issuance of New License After Revocation

Sec. 342.159.  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.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.160 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.160. Surrender of License

Sec. 342.160.  SURRENDER OF LICENSE.  A license holder may surrender a license issued under this chapter by delivering to the commissioner:(1)  the license;  and(2)  a written notice of the license's surrender.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.161 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.161. Effect of License Suspension, Revocation, or Surrender

Sec. 342.161.  EFFECT OF LICENSE SUSPENSION, REVOCATION, OR SURRENDER.  (a)  The suspension, revocation, or surrender of a license issued under this chapter does not affect the obligation of a contract between the license holder and a debtor 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.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.162 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.162. Moving an Office

Sec. 342.162.  MOVING AN OFFICE.  (a)  A license holder shall give written notice to the commissioner before the 30th day preceding 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.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.163 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter D. License|Section 342.163. Transfer or Assignment of License

Sec. 342.163.  TRANSFER OR ASSIGNMENT OF LICENSE.  A license may be transferred or assigned only with the approval of the commissioner.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.202 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter E. Interest Charges on Non-Real Property Loans|Section 342.202. Maximum Charge for Loan With Single Repayment

Sec. 342.202.  MAXIMUM CHARGE FOR LOAN WITH SINGLE REPAYMENT.  A loan contract that exceeds the maximum cash advance under Section 342.251 and that is payable in a single installment may provide for an interest charge on the cash advance that does not exceed a rate or amount that would produce the same effective return, determined as a true daily earnings rate, as allowed under Section 342.201 considering the amount and term of the loan.  If a loan under this section is prepaid in full, the lender may earn a minimum interest charge of $25.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 909, Sec. 2.09, eff. Sept. 1, 1999.|
TX Fin Code § 342.203 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter E. Interest Charges on Non-Real Property Loans|Section 342.203. Additional Interest for Default: Regular Transaction

Sec. 342.203.  ADDITIONAL INTEREST FOR DEFAULT:  REGULAR TRANSACTION.  (a)  A loan contract that includes precomputed interest or uses the scheduled installment earnings method and that is a regular transaction may provide for additional interest for default if any part of an installment remains unpaid after the 10th day after the date on which the installment is due, including Sundays and holidays.(b)  A loan contract that uses the scheduled installment earnings method and that is a regular transaction may provide for additional interest for default if any part of an installment remains unpaid after the 10th day after the date on which the installment is due, including Sundays and holidays.(c)  A loan contract that includes simple interest and that is a regular transaction may provide for additional interest for default if any part of an installment remains unpaid after the 10th day after the date on which the installment is due, including Sundays and holidays.(d)  The additional interest may not exceed five cents for each $1 of a scheduled installment.(e)  Interest under this section may not be collected more than once on the same installment.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 909, Sec. 2.10, eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 934, Sec. 2.01, eff. Sept. 1, 1999.|
TX Fin Code § 342.204 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter E. Interest Charges on Non-Real Property Loans|Section 342.204. Additional Interest for Installment Deferment: Regular Transaction

Sec. 342.204.  ADDITIONAL INTEREST FOR INSTALLMENT DEFERMENT:  REGULAR TRANSACTION.  (a)  On a loan contract that includes precomputed interest or uses the scheduled installment earnings method and that is a regular transaction, an authorized lender may charge additional interest for the deferment of an installment if:(1)  the entire amount of the installment is unpaid;(2)  no interest for default has been collected on the installment;  and(3)  payment of the installment is deferred for one or more full months and the maturity of the contract is extended for a corresponding period.(b)  The interest for deferment under Subsection (a) may not exceed the amount computed by:(1)  taking the difference between the refund that would be required for prepayment in full as of the date of deferment and the refund that would be required for prepayment in full one month before the date of deferment;  and(2)  multiplying the results under Subdivision (1) by the number of months in the deferment period.(c)  The amount of interest applicable to each deferred balance or installment period occurring after a deferment period remains the amount applicable to that balance or period under the original loan contract.(d)  If a loan is prepaid in full during the deferment period, the borrower shall receive, in addition to the refund required under Subchapter H, a pro rata refund of that part of the interest for deferment applicable to the number of full months remaining in the deferment period on the payment date.(e)  For the purposes of this section, a deferment period is the period during which a payment is not required or made because of the deferment and begins on the day after the due date of the scheduled installment that precedes the first installment being deferred.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 909, Sec. 2.11, eff. Sept. 1, 1999.|
TX Fin Code § 342.205 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter E. Interest Charges on Non-Real Property Loans|Section 342.205. Collection of Default or Deferment Interest

Sec. 342.205.  COLLECTION OF DEFAULT OR DEFERMENT INTEREST.  Interest for default under Section 342.203 or for installment deferment under Section 342.204 may be collected when it accrues or at any time after it accrues.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.|
TX Fin Code § 342.206 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter E. Interest Charges on Non-Real Property Loans|Section 342.206. Additional Interest for Default: Irregular Transaction

Sec. 342.206.  ADDITIONAL INTEREST FOR DEFAULT:  IRREGULAR TRANSACTION.  (a)  A loan contract that includes precomputed interest and that is an irregular transaction may provide for additional interest for default using the true daily earnings method for the period from the maturity date of an installment until the date the installment is paid.  The rate of the additional interest may not exceed the maximum contract interest rate.(b)  A loan contract that includes simple interest and that is an irregular transaction may provide for additional interest for default if any part of an installment remains unpaid after the 10th day after the date on which the installment is due, including Sundays and holidays.  The additional interest may not exceed five cents for each $1 of a scheduled installment.  Interest under this subsection may not be collected more than once on the same installment.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999;  Acts 1999, 76th Leg., ch. 934, Sec. 2.02, eff. Sept. 1, 1999.|
TX Fin Code § 342.251 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter F. Alternate Charges for Certain Loans|Section 342.251. Maximum Cash Advance

Sec. 342.251.  MAXIMUM CASH ADVANCE.  The maximum cash advance of a loan made under this subchapter is an amount computed under Subchapter C, Chapter 341, using the reference base amount of $100, except that for loans that are subject to Section 342.259 the reference base amount is $200.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.22, eff. September 1, 2005.|
TX Fin Code § 342.252 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 342 - Consumer Loans|Subchapter F. Alternate Charges for Certain Loans|Section 342.252. Alternate Charges

Sec. 342.252.  ALTERNATE CHARGES.  (a)  Instead of the charges authorized by Section 342.201, a loan contract may provide for:(1)  on a cash advance of less than $30, an acquisition charge that is not more than $1 for each $5 of the cash advance;(2)  on a cash advance equal to or more than $30 but not more than $100:(A)  an acquisition charge that is not more than the amount equal to one-tenth of the amount of the cash advance; and(B)  an installment account handling charge that is not more than:(i)  $3 a month if the cash advance is not more than $35;(ii)  $3.50 a month if the cash advance is more than $35 but not more than $70; or(iii)  $4 a month if the cash advance is more than $70; or(3)  on a cash advance of more than $100:(A)  an acquisition charge that is not more than $10; and(B)  an installment account handling charge that is not more than the ratio of $4 a month for each $100 of cash advance.(b)  For an acquisition charge authorized by this subchapter, the finance commission by rule may prescribe a reasonable maximum amount for an acquisition charge that is greater than the maximum amount authorized by the applicable section of this subchapter for the amount of the cash advance.(c)  An acquisition charge under this subchapter is not interest.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 784 (S.B. 1251), Sec. 4, eff. September 1, 2013.|