WITHDRAWAL OF SECURITY.
Tex. OCC Code § 1704.210.
in effect(a) A license holder may withdraw the security or a portion of the security deposited or executed under Section 1704.160 , and the security shall be returned to the license holder or the license holder's heirs or assigns, if the person requesting the withdrawal is:
(1) a license holder in good standing and the amount of the security remaining after the withdrawal is:
(A) at least the minimum amount required by Section 1704.160 ; and
(B) an amount sufficient to maintain the ratios required by Section 1704.203 ; or
(2) a former license holder who has ceased to engage in the bonding business, or a former license holder's heir or assign, and the amount of the security remaining after the withdrawal is sufficient to:
(A) pay any outstanding judgments; and
(B) secure any unexpired obligation on a bail bond executed by the former license holder.
(b) The board may adopt rules to limit the number of times in a year security may be returned to a license holder under this section.
Acts 2011, 82nd Leg., R.S., Ch. 1143 (H.B. 1822 ), Sec. 1, eff. September 1, 2011.