89th Legislature, Regular Session
HB 1516
Relating to prohibiting the imposition of a monetary fine or penalty for a violation of a money services business's terms of service agreement; providing a civil penalty.
Introduced
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- Passed House
- Passed Senate
- To Governor
- Became Law
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89R2996 MLH-F By: Schofield H.B. No. 1516 A BILL TO BE ENTITLED AN ACT relating to prohibiting the imposition of a monetary fine or penalty for a violation of a money services business's terms of service agreement; providing a civil penalty. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. The heading to Subchapter G, Chapter 152, Finance Code, is amended to read as follows: SUBCHAPTER G. GENERAL DUTIES AND RESTRICTIONS FOR [TIMELY TRANSMISSION, REFUNDS, AND DISCLOSURES BY] MONEY TRANSMISSION LICENSEE