152.254 – UNAUTHORIZED ACTIVITIES. A person may not engage
Texas Finance Code § 152.254
Summary
This law prohibits individuals from conducting money transmission services on behalf of unlicensed or nonexempt persons. It establishes joint liability for unauthorized activities, ensuring compliance with licensing requirements in the money transmission industry.
Prohibits money transmission for unlicensed individuals.
Establishes joint liability for unauthorized activities.
Ensures compliance with licensing requirements.
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In simple terms: Learn about Texas's UNAUTHORIZED ACTIVITIES. A person may not engage 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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