Sec. 14.262. EFFECT OF ASSURANCE. (a) An assurance of voluntary compliance is not an admission of a violation of:
(1) this chapter or a rule adopted under this chapter;
(2) Chapter 393 with respect to a credit access business or Chapter 394; or
(3) Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.
(b) Unless an assurance of voluntary compliance is rescinded by agreement or voided by a court for good cause, a subsequent failure to comply with the assurance is prima facie evidence of a violation of:
(1) this chapter or a rule adopted under this chapter;
(2) Chapter 393 with respect to a credit access business or Chapter 394; or
(3) Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.
Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 4.05, eff. September 1, 2005.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 9, eff. January 1, 2012.
Acts 2013, 83rd Leg., R.S., Ch. 63 (H.B. 2548), Sec. 7, eff. September 1, 2013.
Acts 2017, 85th Leg., R.S., Ch. 196 (S.B. 560), Sec. 8, eff. September 1, 2017.
Structure Texas Statutes
Title 2 - Financial Regulatory Agencies
Chapter 14 - Consumer Credit Commissioner
Subchapter F. Administrative Penalty; Restitution Order; Assurance of Voluntary Compliance
Section 14.251. Assessment of Penalty; Restitution Order
Section 14.252. Amount of Penalty
Section 14.253. Report on Violation
Section 14.254. Notice of Report on Violation and Penalty Recommendation
Section 14.255. Response of Person Receiving Notice
Section 14.256. Acceptance of Penalty; Default
Section 14.257. Hearing on Penalty; Order
Section 14.258. Stay of Penalty; Suit by Attorney General
Section 14.259. Recovery of Costs
Section 14.260. Administrative Procedure Act
Section 14.261. Acceptance of Assurance