Exactly and if someone went to Novus Law School and held themselves out as a lawyer obtained payment and did not have a license to practice law then it would be a crime.
Although I definitely agree with that statement, it does sound like the TX statute goes a little further. It seems to say that you can't use an unaccredited degree to obtain a financial benefit. So, if you applied for a job as a law professor and used an unaccredited degree as your qualification, then you'd presumably be in violation.
Here's where I think these kinds of rules would be really hard to enforce, though:
What if a guy applies for a job as say, an insurance adjuster and lists the Novus degree on his resume? He's not saying "Hire me because I'm a lawyer". In fact, the degree isn't even required for the job.
The prosecutor would have to prove that he listed the degree in order to get hired, and that his intent was to make the employer rely on the degree. At the very least you would have to establish that the defendant knew the employer was relying on the degree. That would be very hard to prove. If the employer calls the guy and says "What's this Novus degree?", and the guy simply says "It's an unaccredited law degree", then I think there is no violation at all. At that point there would be no intent.