Tex. Finance Code § 89.102
GENERAL ADMINISTRATIVE PENALTY
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 89.102, GENERAL ADMINISTRATIVE PENALTY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645553
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Full text
(a) The commissioner may require an association that knowingly violates this subtitle or a rule adopted under this subtitle to pay to the Department of Savings and Mortgage Lending an administrative penalty not to exceed $1,000 for each day that the violation occurs after notice of the violation is given by the commissioner.
(b) On the commissioner's certification that an association has not paid a penalty assessed under this section, the attorney general may file suit to collect the penalty.