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Tex. Fin. Code § 154.252

RETENTION OF MONEY FOR EXPENSES

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

The seller of a trust-funded prepaid funeral benefits contract may retain for the seller's use and benefit an amount not to exceed one-half of all money collected or paid until the seller has received an amount equal to 10 percent of the total amount the purchaser agreed to pay under the contract.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.