Texas Finance Code

§ 157.032 — POWERS OF COMMISSIONER

FI § 157.032Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 157. MORTGAGE BANKERS AND RESIDENTIAL MORTGAGE LOAN ORIGINATORS · Art. E. ENFORCEMENT

Statute text

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(a)In addition to any other action, proceeding, or remedy authorized by law, the commissioner may institute an action in the commissioner's name to enjoin a violation of Subchapter D or a rule adopted under Subchapter D. To sustain an action filed under this subsection, it is not necessary to allege or prove that an adequate remedy at law does not exist or that substantial or irreparable damage would result from a continued violation of Subchapter D.

(b)The commissioner is not required to provide an appeal bond in any action or proceeding to enforce Subchapter D.

(c)The commissioner may authorize specific employees to conduct hearings and make recommendations for final decisions in contested cases.

Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 160 (S.B. 1004), Sec. 82, eff. September 1, 2013.