(a) A person commits an offense if the person:
(1) wilfully fails to file a report required by this chapter;
(2) refuses to permit examination of records in accordance with this chapter;
(3) makes a deduction from or a service charge against a dormant account or dormant deposit of funds; or
(4) violates any other provision of this chapter.
(b) An offense under this section is punishable by:
(1) a fine of not less than $500 or more than $1,000;
(2) confinement in jail for a term not to exceed six months; or
(3) both the fine and confinement.

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Terms Used In Texas Property Code 76.704

  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005

(c) In addition to a criminal penalty, a person who commits an offense under Subsection (a) is subject to a civil penalty not to exceed $100 for each day of the violation. The attorney for the holder shall collect the civil penalty by bringing suit in a district court of the county in which the holder is located.