Texas Finance Code

§ 14.254 — NOTICE OF REPORT ON VIOLATION AND PENALTY RECOMMENDATION

FI § 14.254Title 2. FINANCIAL REGULATORY AGENCIES · Ch. 14. CONSUMER CREDIT COMMISSIONER · Art. F. ADMINISTRATIVE PENALTY; RESTITUTION ORDER; ASSURANCE OF VOLUNTARY COMPLIANCE

Statute text

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(a)Not later than the 14th day after the date on which a report is issued, the commissioner shall give written notice of the report by certified mail to the person charged with committing or causing the violation.

(b)The notice must:

(1)include a brief summary of the alleged violation;

(2)include a statement of the amount of the recommended penalty; and

(3)inform the person that the person has a right to a hearing on the occurrence of the violation, the amount of the penalty, or both.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.