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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 392.101: BOND REQUIREMENT.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES
  3. CHAPTER 392. DEBT COLLECTION
  4. SUBCHAPTER B. SURETY BOND

(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.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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