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Current as of April 14, 2021 | Updated by FindLaw Staff
(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.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 89.102. General Administrative Penalty - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-89-102.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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