Sec. 1802.251. DENIAL OF APPLICATION; SUSPENSION OR REVOCATION OF LICENSE. The commission or executive director may deny an application for a license or suspend or revoke the license of any auctioneer for:
(1) violating this chapter or a rule adopted under this chapter;
(2) obtaining a license through false or fraudulent representation;
(3) making a substantial misrepresentation in an application for an auctioneer's license;
(4) engaging in a continued and flagrant course of misrepresentation or making false promises through an agent, advertising, or otherwise;
(5) failing to account for or remit, within a reasonable time, money belonging to another that is in the auctioneer's possession and commingling funds of another with the auctioneer's funds or failing to keep the funds of another in an escrow or trust account; or
(6) violating a provision of the Business & Commerce Code in conducting an auction.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 816, Sec. 4.015, eff. Sept. 1, 2003.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 1048 (H.B. 3038), Sec. 15, eff. June 14, 2013.
Section: Previous 1802.201 1802.202 1802.203 1802.204 1802.205 1802.206 1802.207 1802.208 1802.209 1802.251 1802.252 1802.253 1802.301 1802.302 NextLast modified: September 28, 2016