Section 349.502 - Offense of Engaging in Lending Business Without Proper Authority(a) A person commits an offense if the person engages in a business that is subject to Chapter 342, 346, or 351 without holding the license or other authorization required under that chapter.(b) An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.(c) Each loan made without the authority required by Chapter 342, 346, or 351 is a separate offense.Amended By Acts 2007, 80th Leg., R.S., Ch. 1220, Sec. 2, eff. 9/1/2007.Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.57, eff. 9/1/1999. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.