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.
Tex. Fin. Code § 351.153
MINIMUM ASSETS FOR LICENSE
Known as the Property Tax Lender License Act
The act spans §§ 351–351 (41 sections).
Added by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.