Texas Warranty Trust funds are not valid but some companies may make it appear that way.
Individual companies can establish private trust funds, but they are not a legal entity of The State of Texas. Such private trust funds must comply with normal banking rules and may be established for any legal purpose.
Trust funds must be administered in accordance with the laws of the State of Texas. It is not illegal or illegitimate to use the name “Texas” as part of a trust fund name.
To get more information, contact the Foundation Repair Association.