Texas Finance Code
§ 35.009 — ENFORCEMENT BY COMMISSIONER
FI § 35.009Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 35. ENFORCEMENT ACTIONS · Art. A. ENFORCEMENT ORDERS: BANKS AND MANAGEMENT
Statute text
View on source(a)If the banking commissioner reasonably believes that a bank or other person has violated any of the following, the banking commissioner may take any action authorized under Subsection (a-1):
(1)this subtitle or rules enacted under this subtitle and, as a result of that violation, exposed or could have exposed the bank or the bank's depositors, creditors, or shareholders to harm;
(2)other applicable law of this state and, as a result of that violation, exposed or could have exposed the bank or the bank's depositors, creditors, or shareholders to harm; or
(3)a final order issued by the banking commissioner. (a-1) The banking commissioner may:
(1)initiate an administrative penalty proceeding against the bank or other person, in accordance with Sections 35.010 and 35.011;
(2)refer the matter to the attorney general for enforcement by injunction or other available remedy; or
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Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 183 (S.B. 1165), Sec. 5, eff. May 28, 2011.