Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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 Department of Savings and Mortgage Lending 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.Amended By Acts 2007, 80th Leg., R.S., Ch. 921, Sec. 6.036, eff. 9/1/2007. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.