Tex. Fin. Code Section 393.406
Term of Surety Bond or Account


The surety bond or account of a credit services organization must be maintained until the second anniversary of the date on which the organization ceases operations.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 393.406 — Term of Surety Bond or Account, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­393.­htm#393.­406 (accessed Jun. 5, 2024).

393.001
Definitions
393.002
Persons Not Covered
393.003
Waiver Void
393.101
Registration Statement
393.102
Update of Registration Statement
393.103
Inspection of Registration Statement
393.104
Filing Fee
393.105
Disclosure Statement
393.106
Copy of Disclosure Statement
393.201
Form and Terms of Contract
393.202
Notice of Cancellation
393.203
Issuance of Contract and Other Documents
393.204
Breach of Contract
393.221
Definitions
393.222
Posting of Fee Schedule
393.223
Consumer Transaction Information
393.224
Administrative Penalty
393.301
Representative
393.302
Charge or Receipt of Consideration Before Completion of Services
393.303
Charge or Receipt of Consideration for Referral
393.304
False or Misleading Representation or Statement
393.305
Fraudulent or Deceptive Conduct
393.306
Advertising Services Without Filing Registration Statement
393.307
Causing Waiver Prohibited
393.401
Surety Bond
393.402
Surety Account
393.403
Amount of Surety Bond or Account
393.404
Beneficiary of Surety Bond or Account
393.405
Claim Against Surety Bond or Account
393.406
Term of Surety Bond or Account
393.407
Payment of Money in Surety Account to Credit Services Organization
393.501
Criminal Penalty
393.502
Injunctive Relief
393.503
Damages
393.504
Deceptive Trade Practice
393.505
Statute of Limitations
393.601
Definitions
393.602
Applicability
393.603
License Required
393.604
Application for License
393.605
Bond
393.606
Investigation of Application
393.607
Approval or Denial of Application
393.608
Disposition of Fees on Denial of Application
393.609
Name and Place of License
393.610
License Display
393.611
Minimum Assets for License
393.612
License Fee
393.613
Expiration of License on Failure to Pay Fee
393.614
License Suspension or Revocation
393.615
License Suspension or Revocation Filed with Public Records
393.616
Reinstatement of Suspended License
393.617
Surrender of License
393.618
Effect of License Suspension, Revocation, or Surrender
393.619
Moving an Office
393.620
Transfer or Assignment of License
393.621
Administration
393.622
Rules
393.623
Providing or Advertising Services Without License Prohibited
393.624
Restrictions on Off-site Advertising
393.625
Military Borrowers
393.626
Debt Collection Practices
393.627
Quarterly Report to Commissioner
393.6085
License Term
393.6115
Grounds for Refusal to Renew

Accessed:
Jun. 5, 2024

§ 393.406’s source at texas​.gov