Sec. 601.167. RETURN OF CASH SECURITY. Cash security or any balance of the security shall be returned to the depositor or the depositor's personal representative when:
(1) evidence satisfactory to the department is filed with the department that there has been:
(A) a release of liability;
(B) a final adjudication that the person on whose behalf the deposit is made is not liable; or
(C) an agreement as described by Section 601.154(d)(3);
(2) reasonable evidence is provided to the department after the second anniversary of the date of the accident that no action arising out of the accident is pending and no judgment rendered in such an action is unpaid; or
(3) in the case of a deposit of security under Section 601.162(b), reasonable evidence is provided to the department after the second anniversary of the date of the deposit that no action arising out of the accident is pending and no unpaid judgment rendered in such an action is unpaid.
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