{"data":{"id":"us-tx/tex.-finance-code-392.101","jurisdiction":"us-tx","citation":"Tex. Finance Code § 392.101","heading":"BOND REQUIREMENT.","body":"(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.\n(b) The bond must be in favor of:\n(1) any person who is damaged by a violation of this chapter; and\n(2) this state for the benefit of any person who is damaged by a violation of this chapter.\n(c) The bond must be in the amount of $10,000.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES","CHAPTER 392. DEBT COLLECTION","SUBCHAPTER B. SURETY BOND"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.392.htm#392.101","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"92870ecd137bd49961947f1d1ede456ce40529c58400213e4180950745fd7077","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-392.001","next":"us-tx/tex.-finance-code-392.102"},"notice":"GroundRules: Original legal text. Not legal advice."}