Tex. Occupations Code § 1101.302
This is the official text of Tex. Occupations Code § 1101.302, part of Texas’s Occupations Code — governs professional and occupational licensing.
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§ 1101.302. BOND REQUIRED.
Official statutory text
(a) In this section, "educational institution" means a school, excluding an accredited college or university, authorized by the commission under this chapter to offer a real estate or real estate inspection educational program or course of study.
(b) An educational institution shall maintain a corporate surety bond or other security acceptable to the commission that is:
(1) in the amount of $20,000;
(2) payable to the commission; and
(3) for the benefit of a party who suffers damages caused by the failure of the institution to fulfill obligations related to the commission's approval.
(b) An educational institution shall maintain a corporate surety bond or other security acceptable to the commission that is:
(1) in the amount of $20,000;
(2) payable to the commission; and
(3) for the benefit of a party who suffers damages caused by the failure of the institution to fulfill obligations related to the commission's approval.
Status: in_force · Read it on the official government site
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