Texas Occupations Code § 1201.403 Amount Reserved In Trust Fund; Payment Of Costs

Sec. 1201.403. AMOUNT RESERVED IN TRUST FUND; PAYMENT OF COSTS. (a) One million dollars shall be reserved in the trust fund for payment of valid consumer claims.

(b) Unless the balance of the trust fund is less than $1 million, the costs of the director and the department in administering the trust fund, keeping books and records, investigating consumer complaints, and conducting the informal dispute resolution process shall be paid from the trust fund.

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.

Section: Previous  1201.358  1201.359  1201.360  1201.361  1201.362  1201.401  1201.402  1201.403  1201.404  1201.405  1201.406  1201.407  1201.409  1201.410  1201.451  Next

Last modified: September 28, 2016