Texas Finance Code 96.109 – Enforcement of Supervisory Order
Current as of: 2024 | Check for updates
|
Other versions
(a) The commissioner, after giving notice, may assess against a savings bank or another person designated in a final supervisory order who violates the order, or both, an administrative penalty of not more than $1,000 each for each day of the violation. The savings bank may not reimburse or indemnify a person for any part of the penalty.
(b) In addition to any other remedy provided by law, the commissioner may institute in a district court in Travis County:
(1) a suit for injunctive relief to stop or prevent a violation of a supervisory order; or
(2) a suit for injunctive relief and to collect the administrative penalty.
Terms Used In Texas Finance Code 96.109
- 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) A bond is not required of the commissioner with respect to injunctive relief granted under this section.