The commission by rule shall adopt standards for the practice of auctioneers and associate auctioneers, including standards for:

1. (1) the maintenance and use of a trust or escrow account for funds belonging or owed to another; and
2. (2) required consumer notices.

Added by Acts 2023, 88th Leg., R.S., Ch. 626 (H.B. 4416), Sec. 12, eff. September 1, 2023.