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
- View official record ↗
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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Finance Code § 122.260
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