Texas Statutes (Last Updated: January 4, 2014) |
OCCUPATIONS CODE |
Title 8. REGULATION OF ENVIRONMENTAL AND INDUSTRIAL TRADES |
Chapter 1303. RESIDENTIAL SERVICE COMPANIES |
Subchapter G. PROHIBITED PRACTICES |
Sec. 1303.304. CERTAIN PAYMENTS BY RESIDENTIAL SERVICE COMPANY PROHIBITED
Latest version.
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(a) A residential service company may not directly or indirectly pay, as an inducement or compensation for the issuance, purchase, or acquisition of a residential service contract, a commission or other consideration to an agent, representative, attorney, or employee of an owner or prospective owner of a residential property for which a residential service contract has been or will be issued.
(b) Notwithstanding Subsection (a), a residential service company may pay a reasonable amount for the sale, advertising, inspection, or processing of a residential service contract.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 3, eff. June 1, 2003.