Texas Finance Code

§ 393.404 — BENEFICIARY OF SURETY BOND OR ACCOUNT

FI § 393.404Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 393. CREDIT SERVICES ORGANIZATIONS · Art. E. SURETY BOND; SURETY 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.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.