Tex. Finance Code § 394.2095: CANCELLATION OF AGREEMENT BY EITHER PROVIDER OR CONSUMER.
Where this section sits in the code
- FINANCE CODE
- TITLE 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES
- CHAPTER 394. DEBTOR ASSISTANCE
- SUBCHAPTER C. CONSUMER DEBT MANAGEMENT SERVICES
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(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.
Collected 2026-08-27T01:47:13Z. Source file · JSON