Tex. Fin. Code Section 394.2095
Cancellation of Agreement by Either Provider or Consumer

If a provider or a consumer cancels a debt management service agreement, the provider shall immediately return to the consumer:

(1)

any money of the consumer held in trust by the provider for the consumer’s benefit; and

(2)

65 percent of any portion of the account set-up fee received under Section 394.210 (Permitted Fees)(g)(1) that has not been credited against settlement fees.
Added by Acts 2011, 82nd Leg., R.S., Ch. 368 (S.B. 141), Sec. 6, eff. September 1, 2011.

Source: Section 394.2095 — Cancellation of Agreement by Either Provider or Consumer, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­394.­htm#394.­2095 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 394.2095’s source at texas​.gov