Texas Finance Code

§ 35.212 — PAYMENT AND APPEAL OF ADMINISTRATIVE PENALTY

FI § 35.212Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 35. ENFORCEMENT ACTIONS · Art. C. UNAUTHORIZED ACTIVITY: INVESTIGATION AND ENFORCEMENT

Statute text

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(a)When an administrative penalty order under Section 35.211 becomes final, a person affected by the order, within the time permitted by law for appeal, shall:

(1)pay the amount of the penalty;

(2)pay the amount of the penalty and file a petition for judicial review contesting the occurrence of the violation, the amount of the penalty, or both; or

(3)without paying the amount of the penalty, file a petition for judicial review contesting the occurrence of the violation, the amount of the penalty, or both.

(b)Within the time permitted by law for appeal, a person who acts under Subsection (a)(3) may:

(1)stay enforcement of the penalty by:

…

Legislative history

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