Texas § OC.1101.302 - BOND REQUIRED
Full text of Texas The Texas Constitution § OC.1101.302 — BOND REQUIRED, with citation guidance and answers to common questions.
§ OC.1101.302. BOND REQUIRED
BOND REQUIRED. (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. Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 297 (H.B. 1530 ), Sec. 4, eff. September 1, 2007.
Frequently Asked Questions About Texas § OC.1101.302
What does The Texas Constitution § OC.1101.302 cover?
Section OC.1101.302 ("BOND REQUIRED") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § OC.1101.302?
A common citation format is "The Texas Constitution § OC.1101.302" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § OC.1101.302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.