The department shall maintain on file a security other than a bond canceled as provided by Section 1201.109(a) until the later of:

1. (1) the second anniversary of the date the manufacturer, retailer, broker, or installer ceases doing business; or
2. (2) the date the director determines that a claim does not exist against the security.

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.

Acts 2013, 83rd Leg., R.S., Ch. 1079 (H.B. 3361), Sec. 3.11, eff. September 1, 2013.