Texas Transportation Code

§ 646.003 — BOND REQUIRED

TN § 646.003Title 7. VEHICLES AND TRAFFIC · Part F. COMMERCIAL MOTOR VEHICLES · Ch. 646. MOTOR TRANSPORTATION BROKERS

Statute text

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(a)A person may not act as a motor transportation broker unless the person provides a bond to the department.

(b)The bond must be in an amount of at least $10,000 and must be:

(1)executed by a bonding company authorized to do business in this state;

(2)payable to this state or a person to whom the motor transportation broker provides services; and

(3)conditioned on the performance of the contract for transportation services between the broker and the person for whom services are provided.

(c)The department may charge the broker a bond review fee in an amount not to exceed the cost of reviewing the bond. The department shall deposit a fee collected under this subsection to the credit of the Texas Department of Motor Vehicles fund.

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Legislative history

Acts 2009, 81st Leg., R.S., Ch. 933 (H.B. 3097), Sec. 2N.01, eff. September 1, 2009. Acts 2013, 83rd Leg., R.S., Ch. 1287 (H.B. 2202), Sec. 65, eff. September 1, 2013.