Residential service contract means any contract or agreement whereby, for a fee, a person undertakes, for a specified period of time, to maintain, repair or replace all or part of structural components, appliances or electrical, plumbing, heating, cooling or air-conditioning systems of residential property.

No person shall perform services pursuant to residential service contracts unless they are a licensed service company or its authorized representative. Fees are required for filing a copy of original application for license or amendment, for filing each annual report, for the expense of any examinations and for every other filing required by law. 

Previously deposited to General Revenue Fund (0001) (formerly to Residential Service Company Fund Account (0133), abolished 8-31-95 per sec. 403.094, Government Code).

Amended by S.B. 51, 67th Leg. R.S.

Effective 9-1-11, S.B. 1000, 82nd Leg., R.S. made the Texas Real Estate Commission (329) a self-directed, semi-independent agency with funds in the Texas Treasury Safekeeping Trust Company.

H.B. 1560, 87th Leg., R.S. moved fees from the Real Estate Commission to the Texas Department of Licensing and Regulation (452). Fees moved from an account with the Texas Treasury Safekeeping Trust Company to General Revenue.