Texas Finance Code - Section 89.102. General Administrative Penalty
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§ 89.102. GENERAL ADMINISTRATIVE PENALTY. (a) The
commissioner may require an association that knowingly violates
this subtitle or a rule adopted under this subtitle to pay to the
Savings and Loan Department 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.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 89.005 89.006 89.007 89.008 89.051 89.052 89.101 89.102 91.001 91.002 91.003 91.004 91.005 91.006 91.007
Last modified: August 10, 2007
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