Texas Transportation Code

§ 601.167 — RETURN OF CASH SECURITY

TN § 601.167Title 7. VEHICLES AND TRAFFIC · Part D. MOTOR VEHICLE SAFETY RESPONSIBILITY · Ch. 601. MOTOR VEHICLE SAFETY RESPONSIBILITY ACT · Art. F. SECURITY FOLLOWING COLLISION

Statute text

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Cash security or any balance of the security shall be returned to the depositor or the depositor's personal representative when:

(1)evidence satisfactory to the department is filed with the department that there has been:

(A)a release of liability;

(B)a final adjudication that the person on whose behalf the deposit is made is not liable; or

(C)an agreement as described by Section 601.154(d)(3);

(2)reasonable evidence is provided to the department after the second anniversary of the date of the collision that no action arising out of the collision is pending and no judgment rendered in such an action is unpaid; or

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Legislative history

Acts 2023, 88th Leg., R.S., Ch. 709 (H.B. 2190), Sec. 83, eff. September 1, 2023.