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Escrow Account Letter of Agreement

We or I, owner of request to establish an escrow account for the specific purchase of oversize and/or overweight load permits from the Texas Department of Transportation.

Set Up Account

Upon receipt of initial minimum deposit of $305.00, an escrow account will be established and account number will be assigned.

Base Charge

The initial and all other deposits require an administrative fee of $5.00 per deposit to cover expenses associated with the management of each account.

Account Notification

The department will provide an account statement per deposit. Replenish the escrow account by submitting a check, cashier’s check, or money order payable to the department in the amount of $305.00. Permits will not be issued if an insufficient balance exists.

This agreement is entered into under the provisions of House Bill 1895, passed by the 73rd Texas Legislature.

(Company Name) /Contact Person:
Phone Number:
Address:
Signature of Owner:
ICC/Motor Carrier Registration Number:


TxDOT Use Only

Approved Date

Account No. Assigned


Please retain a copy of this agreement for your records.

Please return this request if there is a termination of business

Cancellation Request (Please Print)

I, owner of:

request cancellation of Account No. ______________________ and request a refund of the unused portion of the escrow account.

Signature:

Signature Date:

 
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125 East 11th Street . Austin, Texas 78701
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