A person may not apply for a motor vehicle title service license or motor vehicle title service runner license unless the person is:
  (1) at least 18 years of age on the date the application is submitted; and
  (2) authorized to handle financial transactions for himself/herself or another; and
  (3) if the application seeks a motor vehicle title service license for a business entity, authorized to handle financial transactions for that business entity.

Source Note: The provisions of this §430.3 adopted to be effective June 26, 2019, 44 TexReg 3130; amended to be effective July 26, 2023, 48 TexReg 3997