Texas Debt Settlement Laws
Debt Settlement License Registration Required:
Statute: Tex. Finance Code Ann. §394.201 et seq.
Definition: “Debt management service” means a service in which a provider obtains or seeks to obtain a concession from one or more creditors on behalf of a consumer.
“Provider” means a person that acts as an intermediary between a consumer and one or more creditors and that provides or offers to provide a debt management service to a consumer in this state.