Sec. 901.402. ELIGIBILITY REQUIREMENTS; GENERAL PROHIBITION. (a) On payment of the required fees, the board shall issue a license to an applicant who complies with the requirement of Section 901.169(a) and:
(1) holds a certificate issued under this chapter; or
(2) holds a firm license issued under this chapter.
(b) The board may not issue a license to or renew the license of a person who does not meet the licensing requirements of:
(1) this chapter; or
(2) the rules adopted under this chapter.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1497, Sec. 25, eff. Sept. 1, 2001.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 181 (H.B. 1520), Sec. 13, eff. September 1, 2019.
Structure Texas Statutes
Title 5 - Regulation of Financial and Legal Services
Subtitle A - Financial Services
Subchapter I. License Requirements, Issuance, and Renewal
Section 901.401. License Required
Section 901.402. Eligibility Requirements; General Prohibition
Section 901.403. Application for and Renewal of License
Section 901.404. Notice of License Expiration
Section 901.405. Procedure for Renewal
Section 901.408. Consequence of Failure to Pay Certain Fees
Section 901.409. Fee Reduction for Retired Persons or Persons With Disabilities