Tex. Fin. Code Section 392.101
Bond Requirement

(a)

A third-party debt collector or credit bureau may not engage in debt collection unless the third-party debt collector or credit bureau has obtained a surety bond issued by a surety company authorized to do business in this state as prescribed by this section. A copy of the bond must be filed with the secretary of state.

(b)

The bond must be in favor of:

(1)

any person who is damaged by a violation of this chapter; and

(2)

this state for the benefit of any person who is damaged by a violation of this chapter.

(c)

The bond must be in the amount of $10,000.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 392.101 — Bond Requirement, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­392.­htm#392.­101 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 392.101’s source at texas​.gov