Tex. Fin. Code § 394.2095

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 394.2095 - Cancellation of Agreement By Either Provider or Consumer

If a provider or a consumer cancels a debt management service agreement, the provider shall immediately return to the consumer:

(1) any money of the consumer held in trust by the provider for the consumer's benefit; and

(2) 65 percent of any portion of the account set-up fee received under Section 394.210(g)(1) that has not been credited against settlement fees.

Tex. Fin. Code § 394.2095

Added by Acts 2011, 82nd Leg., R.S., Ch. 368, Sec. 6, eff. 9/1/2011.