Tex. Fin. Code § 393.402 · Subchapter E. SURETY BOND; SURETY ACCOUNT
SURETY ACCOUNT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The surety account of a credit services organization must be held in trust at a federally insured bank or savings association located in this state.
(b) The name of the depository and the trustee and the account number of the surety account must be filed with the secretary of state.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 344, Sec. 2.037, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.393.htm
- Text hash
- sha256 e9b412691888edae9c477d126fba29341299790a2b986ad86929d401916c41c2
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.