Texas Finance Code
§ 14.262 — EFFECT OF ASSURANCE
FI § 14.262Title 2. FINANCIAL REGULATORY AGENCIES · Ch. 14. CONSUMER CREDIT COMMISSIONER · Art. F. ADMINISTRATIVE PENALTY; RESTITUTION ORDER; ASSURANCE OF VOLUNTARY COMPLIANCE
Statute text
View on source(a)An assurance of voluntary compliance is not an admission of a violation of:
(1)this chapter or a rule adopted under this chapter;
(2)Chapter 393 with respect to a credit access business or Chapter 394; or
(3)Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.
(b)Unless an assurance of voluntary compliance is rescinded by agreement or voided by a court for good cause, a subsequent failure to comply with the assurance is prima facie evidence of a violation of:
(1)this chapter or a rule adopted under this chapter;
…
Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 9, eff. January 1, 2012. Acts 2013, 83rd Leg., R.S., Ch. 63 (H.B. 2548), Sec. 7, eff. September 1, 2013. Acts 2017, 85th Leg., R.S., Ch. 196 (S.B. 560), Sec. 8, eff. September 1, 2017.