Finance Code § 122.260 — United States — Texas law | Esheria

Finance Code § 122.260

If a credit union or designated person fails to comply with an order, the commissioner may assess a daily administrative penalty after notice. The credit union may not reimburse the penalty, and the commissioner may sue to collect it or seek an injunction. If the attorney general wins a collection action, reasonable at

Jurisdiction
United States — Texas
Instrument
Code
Version
Undated source snapshot
Language
en
Official source
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credit unions penalties regulatory enforcement

Statute overview

About this statute

If a credit union or designated person fails to comply with an order, the commissioner may assess a daily administrative penalty after notice. The credit union may not reimburse the penalty, and the commissioner may sue to collect it or seek an injunction. If the attorney general wins a collection action, reasonable attorney’s fees may be recovered.

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