Sec. 1101.608. COMMISSION RESPONSE. (a) On receipt of notice under Section 1101.606, the commission may agree to pay all or part of the claim without a hearing. If the commission and the aggrieved person do not reach a settlement or the commission does not agree that the claim meets one or more of the requirements of this subchapter, the commission may notify the attorney general of the commission's desire to schedule a hearing, enter an appearance, file a response, appear at the hearing, defend the action, or take any other action the commission considers appropriate.
(b) The commission and the attorney general may act under Subsection (a) only to:
(1) protect the trust account from spurious or unjust claims; or
(2) ensure compliance with the requirements for recovery under this subchapter.
(c) The commission may relitigate in the hearing any material and relevant issue that was determined in the action that resulted in the judgment, including an agreed judgment, in favor of the aggrieved person.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 1158 (S.B. 699), Sec. 65, eff. January 1, 2016.
Structure Texas Statutes
Title 7 - Practices and Professions Related to Real Property and Housing
Subtitle A - Professions Related to Real Estate
Chapter 1101 - Real Estate Brokers and Sales Agents
Subchapter M. Real Estate Recovery Trust Account
Section 1101.601. Real Estate Recovery Trust Account
Section 1101.6011. Applicability to Business Entity
Section 1101.602. Entitlement to Reimbursement
Section 1101.603. Payments Into Trust Account
Section 1101.604. Management of Trust Account
Section 1101.605. Deadline for Action; Notice to Commission
Section 1101.606. Claim for Payment From Trust Account
Section 1101.607. Issues at Hearing
Section 1101.608. Commission Response
Section 1101.609. Court Order for Payment
Section 1101.610. Payment Limits; Attorney's Fees
Section 1101.611. Application of Judgment Recovery
Section 1101.613. Effect on Disciplinary Proceedings
Section 1101.614. Waiver of Rights
Section 1101.615. Notice to Consumers and Service Recipients