Tex. Occ. Code § 1101.603 · Subchapter M. REAL ESTATE RECOVERY TRUST ACCOUNT
PAYMENTS INTO TRUST ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(5), eff. January 1, 2024.
(b) Repealed by Acts 2015, 84th Leg., R.S., Ch. 1158 , Sec. 92, eff. January 1, 2016.
(c) Notwithstanding any other law, the commission shall deposit to the credit of the trust account an administrative penalty collected under Subchapter O.
(d) Repealed by Acts 2023, 88th Leg., R.S., Ch. 686 (H.B. 1363), Sec. 5(1), eff. September 1, 2023.
(e) Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(5), eff. January 1, 2024.
(f) To ensure the availability of a sufficient amount to pay anticipated claims on the trust account, the commission by rule may provide for the collection of fees or assessments from an applicant for an original license or certificate of registration or from a license or certificate holder at the next renewal to credit to the trust account.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 14A.160(a), eff. Sept. 1, 2003.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 1158 (S.B. 699), Sec. 61, eff. January 1, 2016.
Acts 2015, 84th Leg., R.S., Ch. 1158 (S.B. 699), Sec. 92, eff. January 1, 2016.
Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 13, eff. January 1, 2024.
Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(5), eff. January 1, 2024.
Acts 2023, 88th Leg., R.S., Ch. 686 (H.B. 1363), Sec. 1, eff. September 1, 2023.
Acts 2023, 88th Leg., R.S., Ch. 686 (H.B. 1363), Sec. 5(1), eff. September 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1101.htm
- Text hash
- sha256 3e7d231dc955708e9ff04a035b231c305e36fe668369b6541c4c54e3926d8a55
- 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.