Sec. 342.556. APPOINTMENT OF AGENT. (a) An authorized lender shall maintain on file with the commissioner a written appointment of a resident of this state as the lender's agent for service of all judicial or other process or legal notice, unless the lender has appointed an agent under another statute of this state.
(b) If an authorized lender does not comply with this section, service of all judicial or other process or legal notice may be made on the commissioner.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Subchapter L. Administration of Chapter
Section 342.551. Adoption of Rules
Section 342.552. Examination of Lenders; Access to Records
Section 342.553. General Investigation
Section 342.554. Certificate; Certified Document
Section 342.555. Transcript of Hearing: Public
Section 342.556. Appointment of Agent
Section 342.557. Payment of Examination Costs and Administration Expenses
Section 342.558. Authorized Lender's Records