Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 152.059 - Relationship To Federal Law(a) If state money transmission jurisdiction is conditioned in federal law, any inconsistency between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency. (b) In the event of any inconsistency between this chapter and federal law that governs under Subsection (a), the commissioner may provide interpretive guidance that: (1) identifies the inconsistency; and (2) prescribes the appropriate means of compliance with federal law. Added by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 277,Sec. 1.01, eff. 9/1/2023.