Texas Statutes (Last Updated: January 4, 2014) |
OCCUPATIONS CODE |
Title 8. REGULATION OF ENVIRONMENTAL AND INDUSTRIAL TRADES |
Chapter 1303. RESIDENTIAL SERVICE COMPANIES |
Subchapter D. FINANCIAL REQUIREMENTS |
Sec. 1303.151. RESERVE REQUIRED
Latest version.
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A residential service company shall maintain a funded reserve against its liability to provide repair and replacement services under its outstanding residential service contracts written in this state.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 3, eff. June 1, 2003.