1Section 151.307 as amended by the 85th Legislature, Regular Session, S.B. 1403 -

A person holding a money transmission license on September 1, 2017, who is not in compliance with the net worth requirements of Section 151.307, Finance Code, as amended by this Act, shall comply with the net worth requirements of that section not later than September 1, 2022.  On written application and for good cause shown, the banking commissioner of Texas may extend the period for compliance under this section for the money transmission license holder.