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Tex. Occupations Code § 1201.111

EXCEPTIONS TO SECURITY AND INSTRUCTION REQUIREMENTS

Texas · Texas Occupations Code · Status: effective

Banking, Finance & Insurance
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Tex. Occupations Code § 1201.111, EXCEPTIONS TO SECURITY AND INSTRUCTION REQUIREMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/702297
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(a) Notwithstanding any other provision of this chapter, a state or national bank, state or federal savings and loan association, federal savings bank, or state or federal credit union engaged in the business of selling or exchanging, or offering for sale or exchange, manufactured homes that the institution has acquired through repossession of collateral is not required to attend a course of instruction or file a bond or other security to be licensed as a retailer. (b) A licensed retailer is not required to file a bond or other security to be licensed as a broker or installer.