Sec. 1201.111. EXCEPTIONS TO SECURITY AND INSTRUCTION REQUIREMENTS. (a) Notwithstanding any other provision of this chapter, a state or national bank, state or federal savings and loan association, federal savings bank, or state or federal credit union engaged in the business of selling or exchanging, or offering for sale or exchange, manufactured homes that the institution has acquired through repossession of collateral is not required to attend a course of instruction or file a bond or other security to be licensed as a retailer.
(b) A licensed retailer is not required to file a bond or other security to be licensed as a broker or installer.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 408 (H.B. 2019), Sec. 11, eff. September 1, 2017.
Structure Texas Statutes
Title 7 - Practices and Professions Related to Real Property and Housing
Subtitle C - Regulation of Certain Types of Housing and Buildings
Chapter 1201 - Manufactured Housing
Section 1201.101. License Required
Section 1201.102. Exceptions to License Requirement
Section 1201.1025. Exemption From Retailer's License Requirement
Section 1201.103. License Application
Section 1201.1031. Criminal History Record Information Requirement for License
Section 1201.104. Qualifications for License
Section 1201.105. Security Required
Section 1201.106. Security: Amount
Section 1201.107. Security: Location
Section 1201.108. Security: Change in Ownership or Location
Section 1201.109. Security: Cancellation or Other Impairment
Section 1201.110. Security: Duration
Section 1201.111. Exceptions to Security and Instruction Requirements
Section 1201.113. Continuing Education Programs
Section 1201.114. License Expiration
Section 1201.115. Notice of License Expiration
Section 1201.116. Procedure for License Renewal
Section 1201.117. Renewal of Expired License by Out-of-State Practitioner