SECTION 7.101. Applicability and Purpose

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(a) Applicability. This chapter governs the administration of the Texas Financial Education Endowment (TFEE) fund as provided by Texas Finance Code, §393.628.
(b) Purpose. The purpose of this chapter is to provide guidelines regarding the administration of the TFEE fund, which serves to support statewide financial education and consumer credit building activities and programs in Texas.
(c) TFEE fund. The TFEE fund consists of assessments paid by credit access business applicants and license holders, as well as gifts and donations contributed to the fund to fulfill TFEE or consumer credit educational purposes as provided in §7.104 of this title (relating to TFEE Gifts and Donations).

Source Note: The provisions of this §7.101 adopted to be effective September 7, 2017, 42 TexReg 4459

                    
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