Sec. 342.053. AREA OF BUSINESS; LOANS BY MAIL OR ONLINE. (a) A lender is not limited to making loans to residents of the community in which the office for which the license or other authority is granted.
(b) A lender may make, negotiate, arrange, and collect loans by mail or online from a licensed office.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 16, eff. September 1, 2019.
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 17, eff. September 1, 2019.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Subchapter B. Authorized Activities; License
Section 342.051. License Required
Section 342.0515. Residential Mortgage Loan Originator Activities
Section 342.052. Issuance of More Than One License for a Person