Texas Earned Income Access Act regulates earned income access providers, requiring occupational licenses, authorizing fees, and establishing.

The Texas Earned Income Access Act regulates businesses that provide earned income access transactions, requiring them to obtain an occupational license from the consumer credit commissioner. The commissioner sets fees for licensing and examination, which may be based on the volume of the business. The act outlines specific conditions for conducting transactions, including age requirements, nonrecourse transactions, and prohibitions on certain fees and debt collection activities. It also mandates that providers maintain detailed records and file annual reports.

Texas Earned Income Access Act regulates earned income access providers, requiring occupational licenses, authorizing fees, and establishing.

The Texas Earned Income Access Act regulates businesses that provide earned income access transactions, requiring them to obtain an occupational license from the consumer credit commissioner. The commissioner sets fees for licensing and examination, which may be based on the volume of the business. The act outlines specific conditions for conducting transactions, including age requirements, nonrecourse transactions, and prohibitions on certain fees and debt collection activities. It also mandates that providers maintain detailed records and file annual reports.