Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS |
Subtitle B. LOANS AND FINANCED TRANSACTIONS |
Chapter 348. MOTOR VEHICLE INSTALLMENT SALES |
Subchapter F. LICENSING; ADMINISTRATION OF CHAPTER |
Sec. 348.511. EFFECT OF LICENSE SUSPENSION, REVOCATION, OR SURRENDER
Latest version.
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(a) The suspension, revocation, or surrender of a license issued under this chapter does not affect the obligation of a contract between the license holder and a retail buyer entered into before the suspension, revocation, or surrender.
(b) Surrender of a license does not affect the license holder's civil or criminal liability for an act committed before surrender.
Added by Acts 2001, 77th Leg., ch. 1235, Sec. 18, eff. Sept. 1, 2001.