Finance Code › Title 5 › Chapter 393 › Subchapter G

Texas Finance Code § 393.611

Minimum Assets for License

Credit Services Organizations · Licensing and Regulation of Certain Credit Services Organizations

A license holder shall maintain net assets used or readily available for use in conducting the business of each of the offices for which a license is held under this subchapter, in an amount that is not less than the lesser of:

(1) $25,000 for each office; or

(2) $2,500,000 in the aggregate.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.

Sections that refer to this one

§ 393.607