Tex. Occupations Code § 702.352
This is the official text of Tex. Occupations Code § 702.352, part of Texas’s Occupations Code — governs professional and occupational licensing.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 702.352. ESCROW DEPOSIT REQUIRED.
Official statutory text
(a) A certificate holder or an assignee or agent of a certificate holder who accepts a prepayment for a membership in the certificate holder's health spa shall deposit the prepayment in an escrow account established with a financial institution insured by the Federal Deposit Insurance Corporation.
(b) A person required to make a deposit under Subsection (a) shall:
(1) not later than the 14th day after the date the person first accepts a prepayment:
(A) deposit the prepayments received; and
(B) submit to the secretary of state:
(i) a notarized statement that identifies the financial institution and the name in which the escrow account is held; and
(ii) a signed statement on a form approved by the secretary of state that authorizes the secretary to direct inquiries to the financial institution regarding the escrow account; and
(2) after the first deposit is made under this section, deposit subsequent prepayments not less frequently than biweekly.
(c) A certificate holder shall maintain an escrow account under this section until the 30th day after the date the certificate holder's health spa opens.
(b) A person required to make a deposit under Subsection (a) shall:
(1) not later than the 14th day after the date the person first accepts a prepayment:
(A) deposit the prepayments received; and
(B) submit to the secretary of state:
(i) a notarized statement that identifies the financial institution and the name in which the escrow account is held; and
(ii) a signed statement on a form approved by the secretary of state that authorizes the secretary to direct inquiries to the financial institution regarding the escrow account; and
(2) after the first deposit is made under this section, deposit subsequent prepayments not less frequently than biweekly.
(c) A certificate holder shall maintain an escrow account under this section until the 30th day after the date the certificate holder's health spa opens.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.