Sec. 353.511. 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 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 353 - Commercial Motor Vehicle Installment Sales
Subchapter F. Licensing; Administration of Chapter
Section 353.501. License Required
Section 353.502. Application Requirements
Section 353.503. Investigation of Application
Section 353.504. Approval or Denial of Application
Section 353.505. Disposition of Fees on Denial of Application
Section 353.5055. License Term
Section 353.5065. Grounds for Refusal of Renewal
Section 353.507. Expiration of License on Failure to Pay Fee
Section 353.508. License Suspension or Revocation
Section 353.509. Reinstatement of Suspended License; Issuance of New License After Revocation
Section 353.510. Surrender of License
Section 353.511. Effect of License Suspension, Revocation, or Surrender
Section 353.512. Transfer or Assignment of License
Section 353.513. Adoption of Rules