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Tex. Finance Code § 393.405

CLAIM AGAINST SURETY BOND OR ACCOUNT

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 393.405, CLAIM AGAINST SURETY BOND OR ACCOUNT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/648001
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(a) A person making a claim against a surety bond or account of a credit services organization for a violation of this chapter may file suit against: (1) the organization; and (2) the surety or trustee. (b) A surety or trustee is liable only for actual damages, reasonable attorney's fees, and court costs awarded under Section 393.503(a). (c) The aggregate liability of a surety or trustee for an organization's violation of this chapter may not exceed the amount of the surety bond or account.