Sec. 393.404. BENEFICIARY OF SURETY BOND OR ACCOUNT. The surety bond or account of a credit services organization must be in favor of:
(1) this state for the benefit of a person damaged by a violation of this chapter; and
(2) a person damaged by a violation of this chapter.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 5 - Protection of Consumers of Financial Services
Chapter 393 - Credit Services Organizations
Subchapter E. Surety Bond; Surety Account
Section 393.402. Surety Account
Section 393.403. Amount of Surety Bond or Account
Section 393.404. Beneficiary of Surety Bond or Account
Section 393.405. Claim Against Surety Bond or Account
Section 393.406. Term of Surety Bond or Account
Section 393.407. Payment of Money in Surety Account to Credit Services Organization