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.
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