Texas Finance Code

§ 154.415 — PROHIBITION ORDER

FI § 154.415Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 154. PREPAID FUNERAL SERVICES · Art. I. CRIMINAL PENALTIES AND CIVIL REMEDIES

Statute text

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(a)The commissioner may prohibit a person from participating in the business of prepaid funeral benefits sales if the commissioner determines from examination or other credible evidence that:

(1)the person:

(A)intentionally committed or participated in the commission of an act described by Section 154.401;

(B)violated a final cease and desist order issued by the department or another state agency related to the sale of prepaid funeral benefits; or

(C)made, or caused to be made, false entries in the records of a prepaid funeral benefits seller;

(2)because of the action by the person described by Subdivision (1):

…

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 20 (S.B. 614), Sec. 20, eff. September 1, 2019.