Sec. 601.164. REDUCTION IN SECURITY. (a) The department may reduce the amount of security ordered in a case within six months after the date of the accident if, in the department's judgment, the amount is excessive.
(b) The amount of security originally deposited that exceeds the reduced amount shall be returned promptly to the depositor or the depositor's personal representative.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 7 - Vehicles and Traffic
Subtitle D - Motor Vehicle Safety Responsibility
Chapter 601 - Motor Vehicle Safety Responsibility Act
Subchapter F. Security Following Accident
Section 601.151. Applicability of Subchapter
Section 601.152. Suspension of Driver's License and Vehicle Registration or Privilege
Section 601.153. Deposit of Security; Evidence of Financial Responsibility
Section 601.154. Department Determination of Probability of Liability
Section 601.155. Notice of Determination
Section 601.156. Setting of Hearing
Section 601.157. Hearing Procedures
Section 601.159. Procedures for Suspension of Driver's License and Vehicle Registration or Privilege
Section 601.160. Suspension Stayed Pending Hearing or Appeal
Section 601.161. Notice of Suspension
Section 601.162. Duration of Suspension
Section 601.163. Form of Security
Section 601.164. Reduction in Security
Section 601.165. Custody of Cash Security
Section 601.166. Payment of Cash Security
Section 601.167. Return of Cash Security
Section 601.168. Insurance Policy or Bond; Limits
Section 601.169. Reasonable Probability Not Admissible in Civil Suit