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Current as of January 01, 2024 | 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 January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-89-102/
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