Texas Finance Code

§ 180.201 — ENFORCEMENT AUTHORITY

FI § 180.201Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 180. RESIDENTIAL MORTGAGE LOAN ORIGINATORS · Art. E. ENFORCEMENT PROVISIONS

Statute text

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To ensure the effective supervision and enforcement of this chapter, a regulatory official may:

(1)deny, suspend, revoke, condition, or decline to renew a license for a violation of this chapter, a rule adopted under this chapter, or an order or directive issued under this chapter;

(2)deny, suspend, revoke, condition, or decline to renew a license if an applicant or license holder:

(A)fails to meet the requirements of Subchapter B; or

(B)withholds information or makes a material misstatement in an application for a license or renewal of a license;

(3)order restitution against a person subject to regulation under this chapter for a violation of this chapter;

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Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 1, eff. June 19, 2009.