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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 393.404. Beneficiary of Surety Bond or Account
Universal Citation:
TX Fin Code § 393.404 (2025)
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Sec. 393.404. BENEFICIARY OF SURETY BOND OR ACCOUNT. The surety bond or account of a credit services organization must be in favor of:
(1) this state for the benefit of a person damaged by a violation of this chapter; and
(2) a person damaged by a violation of this chapter.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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