Tex. Finance Code § 152.059
This is the official text of Tex. Finance Code § 152.059, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 152.059. RELATIONSHIP TO FEDERAL LAW.
Official statutory text
(a) If state money transmission jurisdiction is conditioned in federal law, any inconsistency between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency.
(b) In the event of any inconsistency between this chapter and federal law that governs under Subsection (a), the commissioner may provide interpretive guidance that:
(1) identifies the inconsistency; and
(2) prescribes the appropriate means of compliance with federal law.
(b) In the event of any inconsistency between this chapter and federal law that governs under Subsection (a), the commissioner may provide interpretive guidance that:
(1) identifies the inconsistency; and
(2) prescribes the appropriate means of compliance with federal law.
Status: in_force · Read it on the official government site
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