Texas Business and Commerce Code 523.001 – Extension of Credit to Victim of Identity Theft
(a) In this section, “victim of identity theft” means an individual who has filed a criminal complaint alleging the commission of an offense under § 32.51, Penal Code, other than a person who is convicted of an offense under § 37.08, Penal Code, with respect to that complaint.
(b) A person who has been notified that an individual has been the victim of identity theft may not deny the individual an extension of credit, including a loan, in the individual’s name or restrict or limit the credit extended solely because the individual has been a victim of identity theft. This subsection does not prohibit a person from denying an individual an extension of credit for a reason other than the individual’s having been a victim of identity theft, including by reason of the individual’s lack of capacity to contract.
Terms Used In Texas Business and Commerce Code 523.001
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) A license issued under Subtitle B, Title 4, Finance Code, that is held by a person who violates this section is subject to revocation or suspension under that subtitle.