Sec. 1001.401. CANCELLATION AND SETTLEMENT POLICY. As a condition for obtaining a driver training provider license, the provider must maintain a cancellation and settlement policy that provides a full refund of all money paid by a student if: (1) the student cancels the enrollment contract before midnight of the third day, other than a Saturday, Sunday, or legal holiday, after the date the enrollment contract is signed by the student, unless the student successfully completes the course or receives a failing grade on the course examination; or (2) the enrollment of the student was procured as a result of a misrepresentation in: (A) advertising or promotional materials of the provider; or (B) a representation made by an owner or employee of the provider. Added by Acts 2003, 78th Leg., ch. 1276, Sec. 6.012(a), eff. Sept. 1, 2003. Amended by: Acts 2021, 87th Leg., R.S., Ch. 663 (H.B. 1560), Sec. 5.47, eff. September 1, 2021.