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Tex. Fin. Code § 349.502

OFFENSE OF ENGAGING IN LENDING BUSINESS WITHOUT PROPER AUTHORITY

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.