Tex. Finance Code § 14.261
This is the official text of Tex. Finance Code § 14.261, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 14.261. ACCEPTANCE OF ASSURANCE.
Official statutory text
(a) In administering this chapter, the commissioner may accept assurance of voluntary compliance from a person who is engaging in or has engaged in an act or practice in violation of:
(1) this chapter or a rule adopted under this chapter;
(2) Chapter 393, if the person is a credit access business, or Chapter 394; or
(3) Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.
(b) The assurance must be in writing and be filed with the commissioner.
(c) The commissioner may condition acceptance of an assurance of voluntary compliance on the stipulation that the person offering the assurance restore to a person in interest money that may have been acquired by the act or practice described by Subsection (a).
(d) The finance commission may adopt rules to establish the form of the assurance or require certain information be contained in an assurance.
(1) this chapter or a rule adopted under this chapter;
(2) Chapter 393, if the person is a credit access business, or Chapter 394; or
(3) Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.
(b) The assurance must be in writing and be filed with the commissioner.
(c) The commissioner may condition acceptance of an assurance of voluntary compliance on the stipulation that the person offering the assurance restore to a person in interest money that may have been acquired by the act or practice described by Subsection (a).
(d) The finance commission may adopt rules to establish the form of the assurance or require certain information be contained in an assurance.
Status: in_force · Read it on the official government site
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