Tex. Fin. Code § 393.404

BENEFICIARY OF SURETY BOND OR ACCOUNT

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

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.

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