152.405 – CEASE AND DESIST ORDERS FOR MONEY SERVICES
Texas Finance Code § 152.405
Summary
This law allows the commissioner to issue cease and desist orders to money services licensees or their authorized delegates if they are found to be in violation of specific regulations. It aims to protect consumers and ensure compliance within the money services industry.
Commissioner can issue cease and desist orders.
Applicable to money services licensees and delegates.
Enforces compliance with regulatory standards.
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In simple terms: Learn about Texas's CEASE AND DESIST ORDERS FOR MONEY SERVICES 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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