Texas Finance Code 152.108 – Surrender of License
Current as of: 2024 | Check for updates
|
Other versions
(a) A money services licensee may surrender the licensee’s license by delivering the original license to the commissioner along with a written notice of surrender that includes the location at which the licensee’s records will be stored and the name, address, telephone number, and other contact information for an individual who is authorized to provide access to the records.
(b) A money services licensee shall surrender the licensee’s license under this section if the licensee becomes ineligible for a license issued under this chapter.
Terms Used In Texas Finance Code 152.108
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) The surrender of a license does not reduce or eliminate a money services licensee’s civil or criminal liability arising from any acts or omissions before the surrender of the license, including any administrative action undertaken by the commissioner to revoke or suspend a license, assess an administrative penalty, order the payment of restitution, or exercise any other authority under this chapter. Further, the surrender of a license does not release the security required of a licensee under § 152.352 or 152.353.