Tex. Finance Code § 154.4081
This is the official text of Tex. Finance Code § 154.4081, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 154.4081. EMERGENCY ORDER.
Official statutory text
(a) The commissioner may issue an emergency order that takes effect immediately if the commissioner finds that immediate and irreparable harm is threatened to the public or a beneficiary under a prepaid funeral benefits contract.
(b) An emergency order remains in effect unless stayed by the commissioner.
(c) The person named in the order may request in writing an opportunity for a hearing to show that the emergency order should be stayed. The written request for a hearing must be filed with the commissioner not later than the 30th day after the date on which the order is hand-delivered or the order is mailed, whichever date is earlier. On receipt of the request, the commissioner shall set a time for the hearing before the 22nd day after the date the commissioner received the request, unless extended at the request of the person named in the order.
(d) The hearing is an administrative hearing relating to the validity of findings that support immediate effect of the order.
(b) An emergency order remains in effect unless stayed by the commissioner.
(c) The person named in the order may request in writing an opportunity for a hearing to show that the emergency order should be stayed. The written request for a hearing must be filed with the commissioner not later than the 30th day after the date on which the order is hand-delivered or the order is mailed, whichever date is earlier. On receipt of the request, the commissioner shall set a time for the hearing before the 22nd day after the date the commissioner received the request, unless extended at the request of the person named in the order.
(d) The hearing is an administrative hearing relating to the validity of findings that support immediate effect of the order.
Status: in_force · Read it on the official government site
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