Tex. Finance Code § 154.001
This is the official text of Tex. Finance Code § 154.001, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 154.001. PURPOSE.
Official statutory text
The purposes of this chapter are to:
(1) limit the manner in which a person may accept funds in prepayment of funeral services to be performed in the future;
(2) provide a regulatory framework to give the public an opportunity to arrange and pay for funerals in advance of need; and
(3) provide all safeguards to protect the prepaid funds and to assure that the funds will be available to pay for prearranged funeral services.
(1) limit the manner in which a person may accept funds in prepayment of funeral services to be performed in the future;
(2) provide a regulatory framework to give the public an opportunity to arrange and pay for funerals in advance of need; and
(3) provide all safeguards to protect the prepaid funds and to assure that the funds will be available to pay for prearranged funeral services.
Status: in_force · Read it on the official government site
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