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Texas Finance Code - FIN § 13.016. Recovery Fund

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Except as provided by Subchapter G, Chapter 156, the savings and mortgage lending commissioner shall establish, administer, and maintain one recovery fund for the purposes of Chapters 156 and 157. The recovery fund shall be administered and maintained under Subchapter F, Chapter 156.  1

(b) The savings and mortgage lending commissioner's authority under this section includes the authority to enforce disciplinary action as provided by Chapters 156 and 157 for a person's failure to comply with the applicable provisions of those chapters relating to the recovery fund and with applicable rules adopted under those chapters.

1 V.T.C.A., Finance Code § 156.501 et seq.
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Cite this article: FindLaw.com - Texas Finance Code - FIN § 13.016. Recovery Fund - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-13-016/

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