DEPOSIT IN LIEU OF SURETY BOND
Private Child Support Enforcement Agencies
(Texas Finance Code § 396.105)
THIS CONTRACT AND AGREEMENT (“Agreement”) is entered into in triplicate on
_______________, 20____, between
_______________________________________________________ (the "Registrant"), a(n)
__________________________ organized under the laws of the State of ____________ and doing
business in the State of Texas, and the Commissioner of the Texas Department of Banking (the
“Commissioner”);
LEGAL AUTHORITY FOR DEPOSIT INSTEAD OF BOND
The Registrant is subject to the Texas Finance Code, Chapter 396 (the “Code”), entitled “Private
Child Support Enforcement Agencies,” which provides for the registration of private child support
enforcement agencies. Instead of furnishing the surety bond required by the Code, the Registrant is
permitted to deposit with the Texas Department of Banking (“Department”) money in an amount
determined by the Department not to exceed $50,000 (the “Deposit”). The Registrant may deposit the
Deposit with any financial institution possessing trust powers that is authorized to conduct a trust business
in the State of Texas acceptable to the Commissioner.
THE COMMISSIONER'S FINDING
The Commissioner finds that ____________________________________________ (the
“Custodian”), a (n) _____________________, located in _______________________, is authorized to
conduct trust business in the State of Texas, and is an acceptable Custodian for the Registrant's deposit.
REGISTRANT'S DEPOSIT
The Registrant deposits with Custodian the following Deposit:
Principal Amount:______________________; Account number:__________________.
CORP – P06 [04/13]
Texas Department of Banking
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