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2025 Texas Statutes
Finance Code
Title 5 - Protection of Consumers of Financial Services
Chapter 393 - Credit Services Organizations
Subchapter E. Surety Bond; Surety Account
Section 393.402. Surety Account
Universal Citation:
TX Fin Code § 393.402 (2025)
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Sec. 393.402. SURETY ACCOUNT. (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.
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.
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