Sec. 1201.403. AMOUNT RESERVED IN TRUST FUND; PAYMENT OF COSTS  


Latest version.
  • (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.