Texas Finance Code - Section 14.264. Right To Bring Action Not Affected
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§ 14.264. RIGHT TO BRING ACTION NOT AFFECTED. (a) An
assurance of voluntary compliance does not affect the right of an
individual to bring an action, except as provided in Chapter 349 and
except that the right of an individual in relation to money received
according to a stipulation under Section 14.261(c) is governed by
the terms of the assurance.
(b) A person entering into an assurance of voluntary
compliance may, not later than the 60th day after the date of filing
of the assurance, correct the violation under Section 349.201.
Amounts paid as restitution and other acts taken in accordance with
an assurance of voluntary compliance shall be considered for
purposes of determining whether the obligor has made a correction
under Subchapter C, Chapter 349. With respect to corrections of
violations or possible violations relating to matters addressed in
the assurance of voluntary compliance, the date of filing of the
assurance is considered to be the date of:
(1) actual discovery of the violation or possible
violation;
(2) written notice; and
(3) filing of the action alleging the violation.
Added by Acts 2005, 79th Leg., ch. 1018, § 4.05, eff. Sept. 1,
2005.
Section: 14.257 14.258 14.259 14.260 14.261 14.262 14.263 14.264 14.301 14.302 14.303 15.001 15.101 15.102 15.103
Last modified: August 10, 2007
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