yourstate.us
Home / Texas / Finance Code
Tex. Finance Code § 393.407

PAYMENT OF MONEY IN SURETY ACCOUNT TO CREDIT SERVICES ORGANIZATION

Texas · Texas Finance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Finance Code § 393.407, PAYMENT OF MONEY IN SURETY ACCOUNT TO CREDIT SERVICES ORGANIZATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/648003
Permanent ID
ys:prov:648003@1
SHA-256
e718ae93725cfee10ecf85a0ad3b189295b894ff2d529c4ee7433c35c404cc22

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) A depository may not pay money in a surety account to the credit services organization that established the account or a representative of the organization unless the organization or representative presents a statement issued by the secretary of state indicating that the requirement of Section 393.406 has been satisfied in relation to the account. (b) The secretary of state may conduct an investigation and require information to be submitted as necessary to enforce this section.