(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.

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Terms Used In Texas Finance Code 349.502

  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005

(c) Each loan made without the authority required by Chapter 342, 346, or 351 is a separate offense.

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