Texas § FI.353.501 - LICENSE REQUIRED
Full text of Texas The Texas Constitution § FI.353.501 — LICENSE REQUIRED, with citation guidance and answers to common questions.
§ FI.353.501. LICENSE REQUIRED
LICENSE REQUIRED. (a) A person may not act as a holder under this chapter unless the person: (1) is an authorized lender or a credit union; or (2) holds a license issued under Chapter 348 or this chapter. (b) A person who is required to hold a license under this chapter must ensure that each office at which retail installment transactions are made, serviced, held, or collected under this chapter is licensed or otherwise authorized to make, service, hold, or collect retail installment transactions in accordance with this chapter and rules implementing this chapter. (c) A person may not use any device, subterfuge, or pretense to evade the application of this section. Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559 ), Sec. 17, eff. September 1, 2011.
Frequently Asked Questions About Texas § FI.353.501
What does The Texas Constitution § FI.353.501 cover?
Section FI.353.501 ("LICENSE REQUIRED") 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 § FI.353.501?
A common citation format is "The Texas Constitution § FI.353.501" (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 § FI.353.501 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.