Tex. Finance Code § 180.203
This is the official text of Tex. Finance Code § 180.203, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 180.203. CEASE AND DESIST ORDERS.
Official statutory text
A regulatory official may:
(1) order or direct a person subject to regulation under this chapter to cease and desist from conducting business, including issuing an immediate temporary order to cease and desist from conducting business;
(2) order or direct a person subject to regulation under this chapter to cease a violation of this chapter or a harmful activity in violation of this chapter, including issuing an immediate temporary order to cease and desist;
(3) enter immediate temporary orders against a person subject to regulation under this chapter to cease engaging in business under a license if the regulatory official determines that the license was erroneously granted or the license holder is in violation of this chapter; and
(4) order or direct other affirmative action as the regulatory official considers necessary.
(1) order or direct a person subject to regulation under this chapter to cease and desist from conducting business, including issuing an immediate temporary order to cease and desist from conducting business;
(2) order or direct a person subject to regulation under this chapter to cease a violation of this chapter or a harmful activity in violation of this chapter, including issuing an immediate temporary order to cease and desist;
(3) enter immediate temporary orders against a person subject to regulation under this chapter to cease engaging in business under a license if the regulatory official determines that the license was erroneously granted or the license holder is in violation of this chapter; and
(4) order or direct other affirmative action as the regulatory official considers necessary.
Status: in_force · Read it on the official government site
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