Texas Finance Code - Section 66.109. Enforcement Of Supervisory Order
Legal Research Home >
Texas Lawyer > Finance Code > Texas Finance Code - Section 66.109. Enforcement Of Supervisory Order
§ 66.109. ENFORCEMENT OF SUPERVISORY ORDER. (a) The
commissioner, after giving notice, may assess against an
association or another person designated in a final supervisory
order who violates the order, or both, an administrative penalty of
not more than $1,000 each for each day of the violation. The
association may not reimburse or indemnify a person for any part of
the penalty.
(b) In addition to any other remedy provided by law, the
commissioner may institute in a district court in Travis County:
(1) a suit for injunctive relief to stop or prevent a
violation of a supervisory order; or
(2) a suit for injunctive relief and to collect the
administrative penalty.
(c) A bond is not required of the commissioner with respect
to injunctive relief granted under this section.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 66.102 66.103 66.104 66.105 66.106 66.107 66.108 66.109 66.110 66.111 66.151 66.152 66.153 66.154 66.155
Last modified: August 10, 2007
|
