{"data":{"id":"us-tx/tex.-occupations-code-1101.603","jurisdiction":"us-tx","citation":"Tex. Occupations Code § 1101.603","heading":"PAYMENTS INTO TRUST ACCOUNT.","body":"(a) Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(5), eff. January 1, 2024.\n(b) Repealed by Acts 2015, 84th Leg., R.S., Ch. 1158 , Sec. 92, eff. January 1, 2016.\n(c) Notwithstanding any other law, the commission shall deposit to the credit of the trust account an administrative penalty collected under Subchapter O.\n(d) Repealed by Acts 2023, 88th Leg., R.S., Ch. 686 (H.B. 1363), Sec. 5(1), eff. September 1, 2023.\n(e) Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(5), eff. January 1, 2024.\n(f) To ensure the availability of a sufficient amount to pay anticipated claims on the trust account, the commission by rule may provide for the collection of fees or assessments from an applicant for an original license or certificate of registration or from a license or certificate holder at the next renewal to credit to the trust account.\nAdded by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 14A.160(a), eff. Sept. 1, 2003.\nAmended by:\nActs 2015, 84th Leg., R.S., Ch. 1158 (S.B. 699), Sec. 61, eff. January 1, 2016.\nActs 2015, 84th Leg., R.S., Ch. 1158 (S.B. 699), Sec. 92, eff. January 1, 2016.\nActs 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 13, eff. January 1, 2024.\nActs 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(5), eff. January 1, 2024.\nActs 2023, 88th Leg., R.S., Ch. 686 (H.B. 1363), Sec. 1, eff. September 1, 2023.\nActs 2023, 88th Leg., R.S., Ch. 686 (H.B. 1363), Sec. 5(1), eff. September 1, 2023.","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 M. REAL ESTATE RECOVERY TRUST ACCOUNT"],"source_url":"https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1101.htm#1101.603","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:31Z","sha256":"5ab72ae7752e05c2d24d5b9412dbd44656d566b6b7984b23f65138ff5f1f8225","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-occupations-code-1101.602","next":"us-tx/tex.-occupations-code-1101.604"},"notice":"GroundRules: Original legal text. Not legal advice."}