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

Tex. Finance Code § 393.405: CLAIM AGAINST SURETY BOND OR ACCOUNT.

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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 393. CREDIT SERVICES ORGANIZATIONS
  4. SUBCHAPTER E. SURETY BOND; SURETY ACCOUNT

(a) A person making a claim against a surety bond or account of a credit services organization for a violation of this chapter may file suit against:

(1) the organization; and

(2) the surety or trustee.

(b) A surety or trustee is liable only for actual damages, reasonable attorney's fees, and court costs awarded under Section 393.503(a).

(c) The aggregate liability of a surety or trustee for an organization's violation of this chapter may not exceed the amount of the surety bond or account.

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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