Sec. 151.854. ADDITIONAL QUALIFICATIONS. In addition to the general qualifications for licensure set forth in Section 151.202, an applicant for a depository agent license must demonstrate to the satisfaction of the commissioner that:
(1) the applicant's financial condition will enable the applicant to safely and soundly engage in the business of depository agent services; and
(2) the applicant does not engage in any activity or practice that adversely affects the applicant's safety and soundness.
Added by Acts 2015, 84th Leg., R.S., Ch. 1000 (H.B. 483), Sec. 12, eff. June 19, 2015.
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