A financial institution in which an escrow account is established under Section 702.352 shall hold each prepayment in the account as escrow agent for the benefit of the member who made the prepayments.
Tex. Occ. Code § 702.354
DUTY OF FINANCIAL INSTITUTION
Known as the Health Spa Act
The act spans §§ 702–702 (65 sections).
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.