Tex. Finance Code § 157.004
This is the official text of Tex. Finance Code § 157.004, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 157.004. EXEMPTIONS.
Official statutory text
This chapter does not apply to:
(1) a federally insured bank, savings bank, savings and loan association, Farm Credit System Institution, or credit union;
(2) a subsidiary of a federally insured bank, savings bank, savings and loan association, Farm Credit System Institution, or credit union;
(3) a residential mortgage loan company licensed under Chapter 156;
(4) an authorized lender licensed under Chapter 342; or
(5) the state or a governmental agency, political subdivision, or other instrumentality of the state, or an employee of the state or a governmental agency, political subdivision, or instrumentality of the state who is acting within the scope of the person's employment.
(1) a federally insured bank, savings bank, savings and loan association, Farm Credit System Institution, or credit union;
(2) a subsidiary of a federally insured bank, savings bank, savings and loan association, Farm Credit System Institution, or credit union;
(3) a residential mortgage loan company licensed under Chapter 156;
(4) an authorized lender licensed under Chapter 342; or
(5) the state or a governmental agency, political subdivision, or other instrumentality of the state, or an employee of the state or a governmental agency, political subdivision, or instrumentality of the state who is acting within the scope of the person's employment.
Status: in_force · Read it on the official government site
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