Tex. Finance Code § 349.502
This is the official text of Tex. Finance Code § 349.502, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 349.502. OFFENSE OF ENGAGING IN LENDING BUSINESS WITHOUT PROPER AUTHORITY.
Official statutory text
(a) A person commits an offense if the person engages in a business that is subject to Chapter 342, 346, or 351 without holding the license or other authorization required under that chapter.
(b) An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.
(c) Each loan made without the authority required by Chapter 342, 346, or 351 is a separate offense.
(b) An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.
(c) Each loan made without the authority required by Chapter 342, 346, or 351 is a separate offense.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.