Texas Finance Code - Section 151.208. Surrender Of License
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Texas Lawyer > Finance Code > Texas Finance Code - Section 151.208. Surrender Of License
§ 151.208. SURRENDER OF LICENSE. (a) A license holder
may surrender the license holder's license by delivering the
original license to the commissioner along with a written notice of
surrender that includes the location at which the license holder's
records will be stored and the name, address, telephone number, and
other contact information for an individual who is authorized to
provide access to the records.
(b) A license holder shall surrender the license holder's
license if the license holder becomes ineligible for a license
under Section 151.202(c).
(c) The surrender of a license does not reduce or eliminate
a license holder's civil or criminal liability arising from any
acts or omissions before the surrender of the license, including
any administrative action undertaken by the commissioner to deny
the renewal of a license, to revoke or suspend a license, to assess
an administrative penalty, to order the payment of restitution, or
to exercise any other authority under this chapter. Further, the
surrender of a license does not release the security required of the
license holder under Section 151.308 or 151.506.
Added by Acts 2005, 79th Leg., ch. 1099, § 1, eff. Sept. 1, 2005.
Section: 151.201 151.202 151.203 151.204 151.205 151.206 151.207 151.208 151.209 151.301 151.302 151.303 151.304 151.305 151.306
Last modified: August 10, 2007
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