Index
State LawTexas

Texas Debt Collection Act

Summary

Prohibits the use of fraudulent, deceptive, or misleading representations and provides for a surety bond requirement for agencies.

Rights & Rules

  • 01.
    Collectors cannot threaten you with arrest or criminal charges.
  • 02.
    Collectors must have a $10,000 surety bond filed with the Secretary of State to operate in Texas.

Penalties

  • 01.
    Misdemeanor criminal charges for certain violations.
  • 02.
    Injunctive relief and actual damages.

Verified Citations

Tex. Fin. Code § 392.304

Source
"In debt collection, a debt collector may not use a fraudulent, deceptive, or misleading representation."