Section 1104.202 - Administrative Penalty(a) In addition to any other disciplinary action under this chapter, the board may impose an administrative penalty against a person who violates this chapter or a rule adopted under this chapter.(b) The amount of the administrative penalty may not exceed $10,000 for each violation. Each day of a continuing violation is a separate violation.(c) The amount of the penalty shall be based on:(1) the seriousness of the violation;(2) the history of previous violations;(3) the amount necessary to deter a future violation;(4) efforts made to correct the violation; and(5) any other matter that justice may require.(d) Notwithstanding any other law, an administrative penalty collected under this section must be deposited in a restricted fund maintained and operated by the board to develop educational programs for appraisers or to conduct studies that enhance consumer protection.Tex. Occ. Code § 1104.202
Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 107,Sec. 13, eff. 9/1/2017.Added by Acts 2011, 82nd Leg., R.S., Ch. 256, Sec. 2, eff. 9/1/2011.