Sec. 646.003.  BOND REQUIRED.  (a)  A person may not act as a motor transportation broker unless the person provides a bond to the department.
(b)  The bond must be in an amount of at least $10,000 and must be:
(1)  executed by a bonding company authorized to do business in this state;
(2)  payable to this state or a person to whom the motor transportation broker provides services;  and
(3)  conditioned on the performance of the contract for transportation services between the broker and the person for whom services are provided.
(c)  The department may charge the broker a bond review fee in an amount not to exceed the cost of reviewing the bond.  The department shall deposit a fee collected under this subsection to the credit of the Texas Department of Motor Vehicles fund.
(d)  The department may adopt rules regarding the method of payment of a fee under this chapter.  The rules may:
(1)  authorize the use of electronic funds transfer or a credit card issued by a financial institution chartered by a state or the United States or by a nationally recognized credit organization approved by the department;  and
(2)  require the payment of a discount or service charge for a credit card payment in addition to the fee.
Added by Acts 1997, 75th Leg., ch. 165, Sec. 30.153(a), eff. Sept. 1, 1997.
Amended by: 
Acts 2009, 81st Leg., R.S., Ch. 933 (H.B. 3097), Sec. 2N.01, eff. September 1, 2009.
Acts 2013, 83rd Leg., R.S., Ch. 1287 (H.B. 2202), Sec. 65, eff. September 1, 2013.