Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 119.201 - Administrative Penalty for Failing to Comply With Subtitle(a) The commissioner may require a savings bank 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 $10,000 for each day that the violation occurs after notice of the violation is given by the commissioner.(b) On the commissioner's certification that a savings bank 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. 6.051, eff. 9/1/2007.Amended By Acts 2005, 79th Leg., Ch. 1018, Sec. 3.04, eff. 9/1/2005. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.