Sec. 351.161. 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 debtor entered into before the revocation, suspension, 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 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 1, eff. September 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 351 - Property Tax Lenders
Section 351.151. Name and Place on License
Section 351.152. License Display
Section 351.153. Minimum Assets for License
Section 351.1535. Grounds for Refusal to Renew
Section 351.155. Expiration of License on Failure to Pay Fee
Section 351.156. License Suspension or Revocation
Section 351.157. Corporate Charter Forfeiture
Section 351.158. License Suspension or Revocation Filed With Public Records
Section 351.159. Reinstatement of Suspended License; Issuance of New License After Revocation
Section 351.160. Surrender of License
Section 351.161. Effect of License Suspension, Revocation, or Surrender
Section 351.162. Moving an Office