Sec. 1101.653. GROUNDS FOR SUSPENSION OR REVOCATION OF CERTIFICATE. The commission may suspend or revoke a certificate of registration issued under this chapter if the certificate holder:
(1) engages in dishonest dealing, fraud, unlawful discrimination, or a deceptive act;
(2) makes a misrepresentation;
(3) acts in bad faith;
(4) demonstrates untrustworthiness;
(5) fails to honor, within a reasonable time, a check issued to the commission after the commission has mailed a request for payment to the certificate holder's last known address according to the commission's records;
(6) fails to provide to a party to a transaction a written notice prescribed by the commission that:
(A) must be given before the party is obligated to sell, buy, lease, or transfer a right-of-way or easement; and
(B) contains:
(i) the name of the certificate holder;
(ii) the certificate number;
(iii) the name of the person the certificate holder represents;
(iv) a statement advising the party that the party may seek representation from a lawyer or broker in the transaction; and
(v) a statement generally advising the party that the right-of-way or easement may affect the value of the property; or
(7) disregards or violates this chapter or a commission rule relating to certificate holders.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
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