# Tex. Finance Code § 339.004: APPLICATION OF LICENSING REQUIREMENT AND SUBTITLE B TO CREDIT UNION OR EMPLOYEE BENEFIT PLAN

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.004

## Section

- **Citation:** Tex. Finance Code § 339.004
- **Heading:** APPLICATION OF LICENSING REQUIREMENT AND SUBTITLE B TO CREDIT UNION OR EMPLOYEE BENEFIT PLAN
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 339 / Section 339.004

## Text

(a) A credit union is not subject to Subtitle B and is not required to obtain a license under this title.

(b) With respect to a loan that an employee benefit plan that is subject to Title I of the Employee Retirement Income Security Act of 1974 (29 U.S.C. Sections 1001-1114) makes to a participant in the plan or a participant's beneficiary, the plan is not subject to Subtitle B and is not required to obtain a license under this title.

## Nearby sections

- [Tex. Finance Code § 339.002 § 339.002. BILLING CYCLE INTEREST LIMITATION ON OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.002.md)
- [Tex. Finance Code § 339.003 § 339.003. SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.003.md)
- [Tex. Finance Code § 339.004 § 339.004. APPLICATION OF LICENSING REQUIREMENT AND SUBTITLE B TO CREDIT UNION OR EMPLOYEE BENEFIT PLAN.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.004.md)
- [Tex. Finance Code § 339.005 § 339.005. APPLICABILITY OF CERTAIN FEDERAL LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.005.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.004. Check the current official text before relying on it. Not legal advice.