Section 392.101 - Bond Requirement(a) A third-party debt collector or credit bureau may not engage in debt collection unless the third-party debt collector or credit bureau has obtained a surety bond issued by a surety company authorized to do business in this state as prescribed by this section. A copy of the bond must be filed with the secretary of state.(b) The bond must be in favor of:(1) any person who is damaged by a violation of this chapter; and(2) this state for the benefit of any person who is damaged by a violation of this chapter.(c) The bond must be in the amount of $10,000. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.