Tex. Finance Code § 152.406

This is the official text of Tex. Finance Code § 152.406, part of Texas’s Finance Code — regulates banks and other financial institutions.

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§ 152.406. CONSENT ORDERS.

Official statutory text

(a) The commissioner may enter into a consent order at any time with a person to resolve a matter arising under this chapter or a rule adopted or order issued under this chapter.

(b) A consent order must be signed by the person to whom the order is issued or by the person's authorized representative and must indicate agreement with the terms contained in the order. However, a consent order may provide that the order does not constitute an admission by a person that the person has violated this chapter or a rule adopted or order issued under this chapter.

(c) A consent order is a final order and may not be appealed.

Status: in_force · Read it on the official government site

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