152.004[1/2] – EXEMPTIONS. This chapter does not apply to:
Texas Finance Code § 152.004[1/2]
Summary
This law outlines specific exemptions from the regulations in this chapter, particularly for operators of payment systems and agents collecting payments. It primarily affects financial service providers involved in processing various types of electronic funds transfers.
Exempts payment system operators from certain regulations.
Covers various electronic funds transfer methods.
Includes agents collecting payments on behalf of payees.
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In simple terms: Learn about Texas's EXEMPTIONS. This chapter does not apply to: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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