Tex. Finance Code § 154.401
This is the official text of Tex. Finance Code § 154.401, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 154.401. CRIMINAL PENALTY FOR CERTAIN VIOLATIONS OF CHAPTER.
Official statutory text
(a) Except as provided by Section 154.402, an officer, director, agent, or employee of a seller commits an offense if the person:
(1) makes or attempts to make a contract in violation of this chapter;
(2) refuses to allow an inspection of the seller's records relating to the sale of prepaid funeral benefits;
(3) engages in fraud, deception, misrepresentation, or another dishonest practice in the sale of a contract subject to this chapter; or
(4) otherwise violates this chapter.
(b) An offense under this section for which a penalty is not expressly provided by this subchapter is punishable by:
(1) a fine of not less than $100 or more than $500;
(2) confinement in the county jail for a term of not less than one month or more than six months; or
(3) both the fine and confinement.
(c) Each violation of this chapter is a separate offense and shall be prosecuted individually.
(1) makes or attempts to make a contract in violation of this chapter;
(2) refuses to allow an inspection of the seller's records relating to the sale of prepaid funeral benefits;
(3) engages in fraud, deception, misrepresentation, or another dishonest practice in the sale of a contract subject to this chapter; or
(4) otherwise violates this chapter.
(b) An offense under this section for which a penalty is not expressly provided by this subchapter is punishable by:
(1) a fine of not less than $100 or more than $500;
(2) confinement in the county jail for a term of not less than one month or more than six months; or
(3) both the fine and confinement.
(c) Each violation of this chapter is a separate offense and shall be prosecuted individually.
Status: in_force · Read it on the official government site
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