152.409 – , unless the order is issued as an emergency order. The
Texas Finance Code § 152.409
Summary
This law allows the commissioner to issue an emergency order to suspend a money services license or require a money transmission licensee to revoke an authorized delegate's designation. It is applicable to money services businesses operating in Texas and addresses urgent compliance issues.
Commissioner can issue emergency orders for money services licenses.
Suspension can occur without prior notice.
Licensees must revoke authorized delegate designations if directed.
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In simple terms: Learn about Texas's , unless the order is issued as an emergency order. The 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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