Sec. 348.511. EFFECT OF LICENSE SUSPENSION, REVOCATION, OR SURRENDER. (a) The suspension, revocation, or surrender of a license issued under this chapter does not affect the obligation of a contract between the license holder and a retail buyer entered into before the suspension, revocation, or surrender.
(b) Surrender of a license does not affect the license holder's civil or criminal liability for an act committed before surrender.
Added by Acts 2001, 77th Leg., ch. 1235, Sec. 18, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 348 - Motor Vehicle Installment Sales
Subchapter F. Licensing; Administration of Chapter
Section 348.501. License Required
Section 348.5015. Residential Mortgage Loan Originator License Required
Section 348.502. Application Requirements
Section 348.503. Investigation of Application
Section 348.504. Approval or Denial of Application
Section 348.505. Disposition of Fees on Denial of Application
Section 348.5055. License Term
Section 348.5065. Grounds for Refusal to Renew
Section 348.507. Expiration of License on Failure to Pay Fee
Section 348.508. License Suspension or Revocation
Section 348.509. Reinstatement of Suspended License; Issuance of New License After Revocation
Section 348.510. Surrender of License
Section 348.511. Effect of License Suspension, Revocation, or Surrender
Section 348.512. Transfer or Assignment of License
Section 348.513. Adoption of Rules
Section 348.514. Examination; Access to Records
Section 348.515. General Investigation
Section 348.516. Payment of Examination Costs and Administration Expenses
Section 348.517. License Holder's Records; Document Retention Requirements