Texas § FI.398.003 - EXEMPTIONS
Full text of Texas The Texas Constitution § FI.398.003 — EXEMPTIONS, with citation guidance and answers to common questions.
§ FI.398.003. EXEMPTIONS
EXEMPTIONS. This chapter does not apply to a provider or broker that is: (1) a bank, out-of-state bank, bank holding company, credit union, federal credit union, out-of-state credit union, or any subsidiary or affiliate of those financial institutions; (2) a person acting in the capacity of a technology services provider to an entity exempt under this section as part of the exempt entity's commercial sales-based financing program if the person has no interest, arrangement, or agreement to purchase any interest in the commercial sales-based financing extended in connection with the program; (3) a lender regulated under the Farm Credit Act of 1971 (12 U.S.C. Section 2001 et seq.); or (4) a person who extends or brokers: (A) a commercial sales-based financing transaction secured by real property; (B) a lease, as defined by Section 2A.103 , Business & Commerce Code; (C) a commercial sales-based financing transaction entered into under a commercial sales-based financing agreement or commercial open-end credit plan of $50,000 or more in which the recipient is: (i) a dealer, as defined by Section 503.001 , Transportation Code; or (ii) a motor vehicle rental company or an affiliate of a motor vehicle rental company; or (D) a commercial sales-based financing transaction in connection with the sale of products or services that: (i) the person manufactures, licenses, or distributes; or (ii) a parent company, subsidiary, or affiliate of the person described by Subparagraph (i) manufactures, licenses, or distributes. Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700 ), Sec. 1, eff. September 1, 2025.
Frequently Asked Questions About Texas § FI.398.003
What does The Texas Constitution § FI.398.003 cover?
Section FI.398.003 ("EXEMPTIONS") 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.398.003?
A common citation format is "The Texas Constitution § FI.398.003" (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.398.003 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.