152.102 – CURRENCY EXCHANGE LICENSE REQUIRED. (a) A
Texas Finance Code § 152.102
Summary
This law mandates that individuals or entities must obtain a license to operate a currency exchange business in Texas. It applies to anyone who provides currency exchange services for compensation, ensuring that only licensed operators can engage in this activity.
Licensing is mandatory for currency exchange businesses.
Applies to anyone receiving compensation for exchange services.
Prohibits unlicensed advertising or solicitation for currency exchange.
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In simple terms: Learn about Texas's CURRENCY EXCHANGE LICENSE REQUIRED. (a) A 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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