Texas Transportation Code

§ 601.056 — CANCELLATION, RETURN, OR WAIVER OF EVIDENCE OF FINANCIAL RESPONSIBILITY

TN § 601.056Title 7. VEHICLES AND TRAFFIC · Part D. MOTOR VEHICLE SAFETY RESPONSIBILITY · Ch. 601. MOTOR VEHICLE SAFETY RESPONSIBILITY ACT · Art. C. FINANCIAL RESPONSIBILITY; REQUIREMENTS

Statute text

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(a)As provided by this section, the department, on request, shall:

(1)consent to the cancellation of a bond or certificate of insurance filed as evidence of financial responsibility;

(2)direct the comptroller to return money or securities deposited with the comptroller as evidence of financial responsibility to the person entitled to the return of the money or securities; or

(3)waive the requirement of filing evidence of financial responsibility.

(b)Evidence of financial responsibility may be canceled, returned, or waived under Subsection (a) if:

(1)the department, during the two years preceding the request, has not received a record of a conviction or a forfeiture of bail that would require or permit the suspension or revocation of the driver's license, vehicle registration, or nonresident's operating privilege of the person by or for whom the evidence was provided;

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Legislative history

Acts 2023, 88th Leg., R.S., Ch. 709 (H.B. 2190), Sec. 67, eff. September 1, 2023.