Texas Finance Code

§ 351.102 — BOND

FI § 351.102Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 351. PROPERTY TAX LENDERS · Art. C. APPLICATION FOR AND ISSUANCE OF LICENSE

Statute text

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(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.

…

Legislative history

Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 18, eff. June 19, 2009. Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 47, eff. September 1, 2019.