CANCELLATION OF AGREEMENT BY EITHER PROVIDER OR CONSUMER.
Tex. FIN Code § 394.2095.
in effectIf a provider or a consumer cancels a debt management service agreement, the provider shall immediately return to the consumer:
(1) any money of the consumer held in trust by the provider for the consumer's benefit; and
(2) 65 percent of any portion of the account set-up fee received under Section 394.210 (g)(1) that has not been credited against settlement fees.
Added by Acts 2011, 82nd Leg., R.S., Ch. 368 (S.B. 141 ), Sec. 6, eff. September 1, 2011.
