Texas § ED.132.158 - PROHIBITION AGAINST CERTAIN ACTIVITIES BY FINANCIAL AID EMPLOYEES
Full text of Texas The Texas Constitution § ED.132.158 — PROHIBITION AGAINST CERTAIN ACTIVITIES BY FINANCIAL AID EMPLOYEES, with citation guidance and answers to common questions.
§ ED.132.158. PROHIBITION AGAINST CERTAIN ACTIVITIES BY FINANCIAL AID EMPLOYEES
PROHIBITION AGAINST CERTAIN ACTIVITIES BY FINANCIAL AID EMPLOYEES. (a) In this section: (1) "Student loan" means a loan for which the loan agreement requires that all or part of the loan proceeds be used to assist a person in attending an institution of higher education or other postsecondary institution, including a career school or college. (2) "Student loan lender" means a person whose primary business is: (A) making, brokering, arranging, or accepting applications for student loans; or (B) a combination of activities described by Paragraph (A). (b) A person employed by a career school or college in the financial aid office of the school or college may not: (1) own stock or hold another ownership interest in a student loan lender, other than through ownership of shares in a publicly traded mutual fund or similar investment vehicle in which the person does not exercise any discretion regarding the investment of the assets of the fund or other investment vehicle; or (2) solicit or accept any gift from a student loan lender. (c) A career school or college may not knowingly employ a person who violates Subsection (b). If a career school or college discovers that its employee is in violation of Subsection (b), the school or college shall promptly take appropriate action to cure the violation, including appropriate disciplinary action, based on the severity of the violation and whether the violation was inadvertent. Added by Acts 2009, 81st Leg., R.S., Ch. 1344 (S.B. 194 ), Sec. 2, eff. June 19, 2009. SUBCHAPTER G. FEES
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § ED.132.158
What does The Texas Constitution § ED.132.158 cover?
Section ED.132.158 ("PROHIBITION AGAINST CERTAIN ACTIVITIES BY FINANCIAL AID EMPLOYEES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.132.158?
A common citation format is "The Texas Constitution § ED.132.158" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.132.158 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.