{"data":{"id":"us-tx/tex.-occupations-code-1101.302","jurisdiction":"us-tx","citation":"Tex. Occupations Code § 1101.302","heading":"BOND REQUIRED.","body":"(a) In this section, \"educational institution\" means a school, excluding an accredited college or university, authorized by the commission under this chapter to offer a real estate or real estate inspection educational program or course of study.\n(b) An educational institution shall maintain a corporate surety bond or other security acceptable to the commission that is:\n(1) in the amount of $20,000;\n(2) payable to the commission; and\n(3) for the benefit of a party who suffers damages caused by the failure of the institution to fulfill obligations related to the commission's approval.\nAdded by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 297 (H.B. 1530), Sec. 4, eff. September 1, 2007.","path":["OCCUPATIONS CODE","TITLE 7. PRACTICES AND PROFESSIONS RELATED TO REAL PROPERTY AND HOUSING","SUBTITLE A. PROFESSIONS RELATED TO REAL ESTATE","CHAPTER 1101. REAL ESTATE BROKERS AND SALES AGENTS","SUBCHAPTER G. APPROVAL OF REAL ESTATE EDUCATIONAL PROGRAMS AND COURSES OF STUDY"],"source_url":"https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1101.htm#1101.302","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:31Z","sha256":"3bb38fb01552c9cbab90f02e0a83bc6a3550ae5ad8a66f1370e3e52f9133ac0c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-occupations-code-1101.3015","next":"us-tx/tex.-occupations-code-1101.303"},"notice":"GroundRules: Original legal text. Not legal advice."}