Texas Statutes
Subchapter G. Licensing and Regulation of Certain Credit Services Organizations
Section 393.614. License Suspension or Revocation

Sec. 393.614. LICENSE SUSPENSION OR REVOCATION. (a) After notice and opportunity for a hearing, the commissioner may suspend or revoke a license if the commissioner finds that:
(1) the license holder failed to pay the license fee, an examination fee, an investigation fee, or another charge imposed by the commissioner under this subchapter;
(2) the license holder, knowingly or without the exercise of due care, violated this chapter or a rule adopted or order issued under this chapter; or
(3) a fact or condition exists that, if it had existed or had been known to exist at the time of the original application for the license, clearly would have justified the commissioner's denial of the application.
(b) If in a three-year period the commissioner suspends or revokes under this section the licenses of five or more credit access businesses owned or controlled by the same person, including a corporation that owns multiple businesses, the commissioner may suspend or revoke the licenses of all credit access businesses owned or controlled by that person.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 2, eff. January 1, 2012.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 88, eff. September 1, 2019.

Structure Texas Statutes

Texas Statutes

Finance Code

Title 5 - Protection of Consumers of Financial Services

Chapter 393 - Credit Services Organizations

Subchapter G. Licensing and Regulation of Certain Credit Services Organizations

Section 393.601. Definitions

Section 393.602. Applicability

Section 393.603. License Required

Section 393.604. Application for License

Section 393.605. Bond

Section 393.606. Investigation of Application

Section 393.607. Approval or Denial of Application

Section 393.608. Disposition of Fees on Denial of Application

Section 393.6085. License Term

Section 393.609. Name and Place of License

Section 393.610. License Display

Section 393.611. Minimum Assets for License

Section 393.6115. Grounds for Refusal to Renew

Section 393.612. License Fee

Section 393.613. Expiration of License on Failure to Pay Fee

Section 393.614. License Suspension or Revocation

Section 393.615. License Suspension or Revocation Filed With Public Records

Section 393.616. Reinstatement of Suspended License; Issuance of New License After Revocation

Section 393.617. Surrender of License

Section 393.618. Effect of License Suspension, Revocation, or Surrender

Section 393.619. Moving an Office

Section 393.620. Transfer or Assignment of License

Section 393.621. Administration

Section 393.622. Rules

Section 393.623. Providing or Advertising Services Without License Prohibited

Section 393.624. Restrictions on Off-Site Advertising

Section 393.625. Military Borrowers

Section 393.626. Debt Collection Practices

Section 393.627. Quarterly Report to Commissioner

Section 393.628. Texas Financial Education Endowment