Sec. 1001.209. BOND REQUIREMENTS: COURSE PROVIDER. (a) Before a course provider may be issued a license, the course provider must provide a corporate surety bond in the amount of $25,000.
(b) A bond issued under Subsection (a) must be:
(1) issued by a company authorized to do business in this state;
(2) payable to the department to be used:
(A) for payment of a refund due a student of the course provider's approved course;
(B) to cover the payment of unpaid fees or penalties assessed by the executive director or the commission; or
(C) to recover any cost associated with providing course completion certificate numbers, including the cancellation of certificate numbers;
(3) conditioned on the compliance of the course provider and its officers, agents, and employees with this chapter and rules adopted under this chapter; and
(4) issued for a period corresponding to the term of the license.
Added by Acts 2003, 78th Leg., ch. 1276, Sec. 6.012(a), eff. Sept. 1, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 928 (H.B. 468), Sec. 3, eff. September 1, 2005.
Acts 2015, 84th Leg., R.S., Ch. 1044 (H.B. 1786), Sec. 31, eff. September 1, 2015.
Section: Previous 1001.201 1001.202 1001.204 1001.205 1001.206 1001.207 1001.208 1001.209 1001.210 1001.211 1001.213 1001.214 1001.251 1001.2511 1001.2512 NextLast modified: September 28, 2016