Texas Finance Code 393.611 – Minimum Assets for License
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Terms Used In Texas Finance Code 393.611
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
A license holder shall maintain net assets used or readily available for use in conducting the business of each of the offices for which a license is held under this subchapter, in an amount that is not less than the lesser of:
(1) $25,000 for each office; or
(2) $2,500,000 in the aggregate.