Sec. 393.404.  BENEFICIARY OF SURETY BOND OR ACCOUNT.  The surety bond or account of a credit services organization must be in favor of:
(1)  this state for the benefit of a person damaged by a violation of this chapter;  and
(2)  a person damaged by a violation of this chapter.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.