Tex. Fin. Code § 14.252 · Subchapter F. ADMINISTRATIVE PENALTY; RESTITUTION ORDER; ASSURANCE OF VOLUNTARY COMPLIANCE
AMOUNT OF PENALTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may assess an administrative penalty for a violation in an amount not to exceed $1,000 for each day of the violation.
(b) The aggregate amount of penalties under this subchapter that the commissioner may assess against a person during one calendar year may not exceed the lesser of:
(1) $100,000; or
(2) an amount that is equal to the greater of five percent of the net worth of the creditor or $5,000.
(c) In determining the amount of an administrative penalty, the commissioner shall consider:
(1) the seriousness of the violation, including the nature, circumstances, extent, and gravity of the prohibited act;
(2) the extent of actual or potential harm to a third party;
(3) the history of violations;
(4) the amount necessary to deter future violations;
(5) efforts to correct the violation; and
(6) any other matter that justice may require.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 4.03, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.14.htm
- Text hash
- sha256 af26fe4d9abf768c9e40cf3436f0a46baa308117904cc2ca1685cc27cc59be5c
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.