Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 13.016 - Recovery Fund(a) Except as provided by Subchapter G, Chapter 156, the savings and mortgage lending commissioner shall establish, administer, and maintain one recovery fund for the purposes of Chapters 156 and 157. The recovery fund shall be administered and maintained under Subchapter F, Chapter 156.(b) The savings and mortgage lending commissioner's authority under this section includes the authority to enforce disciplinary action as provided by Chapters 156 and 157 for a person's failure to comply with the applicable provisions of those chapters relating to the recovery fund and with applicable rules adopted under those chapters.Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 929,Sec. 1, eff. 9/1/2021.Added by Acts 2011, 82nd Leg., R.S., Ch. 655, Sec. 2, eff. 9/1/2011.