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Tex. Finance Code § 394.2095

CANCELLATION OF AGREEMENT BY EITHER PROVIDER OR CONSUMER

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 394.2095, CANCELLATION OF AGREEMENT BY EITHER PROVIDER OR CONSUMER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/648053
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If a provider or a consumer cancels a debt management service agreement, the provider shall immediately return to the consumer: (1) any money of the consumer held in trust by the provider for the consumer's benefit; and (2) 65 percent of any portion of the account set-up fee received under Section 394.210(g)(1) that has not been credited against settlement fees.