Tex. Occupations Code § 1201.111

This is the official text of Tex. Occupations Code § 1201.111, part of Texas’s Occupations Code — governs professional and occupational licensing.

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§ 1201.111. EXCEPTIONS TO SECURITY AND INSTRUCTION REQUIREMENTS.

Official statutory text

(a) Notwithstanding any other provision of this chapter, a state or national bank, state or federal savings and loan association, federal savings bank, or state or federal credit union engaged in the business of selling or exchanging, or offering for sale or exchange, manufactured homes that the institution has acquired through repossession of collateral is not required to attend a course of instruction or file a bond or other security to be licensed as a retailer.

(b) A licensed retailer is not required to file a bond or other security to be licensed as a broker or installer.

Status: in_force · Read it on the official government site

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