Texas § ED.1001.404 - INTEREST ON REFUND
Full text of Texas The Texas Constitution § ED.1001.404 — INTEREST ON REFUND, with citation guidance and answers to common questions.
§ ED.1001.404. INTEREST ON REFUND
INTEREST ON REFUND. (a) If a refund is not timely made, the driver training provider shall pay interest on the amount of the refund. Interest begins to accrue on the first day after the expiration of the refund period and ends on the day preceding the date the refund is made. (b) The department shall establish annually the rate of interest for a refund at a rate sufficient to provide a deterrent to the retention of student money. (c) The department may except a driver training provider from the payment of interest if the provider makes a good-faith effort to refund tuition, fees, and other charges but is unable to locate the student to whom the refund is owed. On request of the department, the driver training provider shall document the effort to locate a student. Added by Acts 2003, 78th Leg., ch. 1276, Sec. 6.012(a), eff. Sept. 1, 2003. Amended by: Acts 2015, 84th Leg., R.S., Ch. 1044 (H.B. 1786 ), Sec. 49, eff. September 1, 2015. Acts 2021, 87th Leg., R.S., Ch. 663 (H.B. 1560 ), Sec. 5.50, eff. September 1, 2021.
Frequently Asked Questions About Texas § ED.1001.404
What does The Texas Constitution § ED.1001.404 cover?
Section ED.1001.404 ("INTEREST ON REFUND") 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 § ED.1001.404?
A common citation format is "The Texas Constitution § ED.1001.404" (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 § ED.1001.404 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.