Tex. Fin. Code § 180.202 · Subchapter E. ENFORCEMENT PROVISIONS
ADMINISTRATIVE PENALTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A regulatory official may impose an administrative penalty on a residential mortgage loan originator or other person subject to regulation under this chapter, if the official, after notice and opportunity for hearing, determines that the residential mortgage loan originator or other person subject to regulation under this chapter has violated or failed to comply with:
(1) this chapter;
(2) a rule adopted under this chapter; or
(3) an order issued under this chapter.
(b) The penalty may not exceed $25,000 for each violation.
(c) The amount of the penalty shall be based on:
(1) the seriousness of the violation, including the nature, circumstances, extent, and gravity of the violation;
(2) the economic harm to property caused by the violation;
(3) the history of previous violations;
(4) the amount necessary to deter a future violation;
(5) efforts to correct the violation; and
(6) any other matter that justice may require.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 1, eff. June 19, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.180.htm
- Text hash
- sha256 31dc5ed42dc8a675079fbcbde037fc0582f2108ffc4f60b1d5a0a262f9f4dec8
- 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
Cited by 3 provisions
Provisions in this library whose text cites Tex. Fin. Code § 180.202. Each shows the citation as that text prints it.
Finance Code
- Tex. Fin. Code § 156.502FUNDING.Printed as Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202
- Tex. Fin. Code § 156.551MORTGAGE GRANT FUND.Printed as Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202
- Tex. Fin. Code § 180.201ENFORCEMENT AUTHORITY.Printed as Section 180.202
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.