Finance Code › Title 3 › Chapter 154 › Subchapter F

Texas Finance Code § 154.252

Retention of Money for Expenses

Prepaid Funeral Services · Trust-Funded Prepaid Funeral Benefits

The seller of a trust-funded prepaid funeral benefits contract may retain for the seller's use and benefit an amount not to exceed one-half of all money collected or paid until the seller has received an amount equal to 10 percent of the total amount the purchaser agreed to pay under the contract.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 699, Sec. 10, eff. Sept. 1, 2001.

Sections that refer to this one

§ 154.155§ 154.253§ 154.262§ 154.301