{"data":{"id":"us-tx/tex.-occupations-code-1201.109","jurisdiction":"us-tx","citation":"Tex. Occupations Code § 1201.109","heading":"SECURITY: CANCELLATION OR OTHER IMPAIRMENT.","body":"(a) If a bond required by this subchapter is canceled, the license for which the security is filed is suspended on the effective date of cancellation. The surety shall provide written notice to the director before the 60th day preceding the effective date of cancellation.\n(b) If a surety files for liquidation or reorganization in bankruptcy or is placed in receivership, the license holder shall obtain other security not later than the 60th day after the date that notice of the filing or receivership is received.\n(c) If the required face amount of a security is impaired by the payment of a claim, the license holder shall restore the security to the required face amount not later than the 60th day after the date of impairment.\nAdded by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.","path":["OCCUPATIONS CODE","TITLE 7. PRACTICES AND PROFESSIONS RELATED TO REAL PROPERTY AND HOUSING","SUBTITLE C. REGULATION OF CERTAIN TYPES OF HOUSING AND BUILDINGS","CHAPTER 1201. MANUFACTURED HOUSING","SUBCHAPTER C. LICENSING"],"source_url":"https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1201.htm#1201.109","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:31Z","sha256":"95fb4280415630eea5266341d9b2135b3decb4aec1d81d94bad11013728f8331","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-occupations-code-1201.108","next":"us-tx/tex.-occupations-code-1201.110"},"notice":"GroundRules: Original legal text. Not legal advice."}