Sec. 342.053. AREA OF BUSINESS; LOANS BY MAIL OR ONLINE. (a) A lender is not limited to making loans to residents of the community in which the office for which the license or other authority is granted.
(b) A lender may make, negotiate, arrange, and collect loans by mail or online from a licensed office.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 16, eff. September 1, 2019.
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 17, eff. September 1, 2019.
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