Texas Adult Care Facilities that handle Patient Funds are required under Chapter 242 of the Texas Health and Safety Code to file a Texas Resident Funds (Nursing Home) Bond as a condition of licensure.
Bonds Express offers a Texas Resident Funds (Nursing Home) Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Texas Resident Funds (Nursing Home) Bond holds you accountable for your business decisions.
By possessing a Texas Resident Funds (Nursing Home) Bond, you are telling your Obligee that you can be trustedas a Principal and that you stand behind your business decisions.