Texas Finance Code

§ 35.210 — VIOLATION OF FINAL CEASE AND DESIST ORDER

FI § 35.210Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 35. ENFORCEMENT ACTIONS · Art. C. UNAUTHORIZED ACTIVITY: INVESTIGATION AND ENFORCEMENT

Statute text

View on source

(a)If the banking commissioner reasonably believes that a person has violated a final and enforceable cease and desist order, the banking commissioner may:

(1)initiate an administrative penalty proceeding under Section 35.211;

(2)refer the matter to the attorney general for enforcement by injunction and any other available remedy; or

(3)pursue any other action the banking commissioner considers appropriate under applicable law.

(b)If the attorney general prevails in an action brought under Subsection (a)(2), the attorney general is entitled to reasonable attorney's fees.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.