Texas Finance Code
§ 342.102 — BOND
FI § 342.102Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 342. CONSUMER LOANS · Art. C. APPLICATION FOR AND ISSUANCE OF LICENSE
Statute text
View on source(a)If the commissioner requires, an applicant for a license under this chapter shall file with the application a bond that is:
(1)in an amount not to exceed the total of:
(A)$50,000 for the first license; and
(B)$10,000 for each additional license;
(2)satisfactory to the commissioner; and
(3)issued by a surety company qualified to do business as a surety in this state.
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Legislative history
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 19, eff. September 1, 2019.