Sec. 14.264. RIGHT TO BRING ACTION NOT AFFECTED. (a) An assurance of voluntary compliance does not affect the right of an individual to bring an action, except as provided in Chapter 349 and except that the right of an individual in relation to money received according to a stipulation under Section 14.261(c) is governed by the terms of the assurance.
(b) A person entering into an assurance of voluntary compliance may, not later than the 60th day after the date of filing of the assurance, correct the violation under Section 349.201. Amounts paid as restitution and other acts taken in accordance with an assurance of voluntary compliance shall be considered for purposes of determining whether the obligor has made a correction under Subchapter C, Chapter 349. With respect to corrections of violations or possible violations relating to matters addressed in the assurance of voluntary compliance, the date of filing of the assurance is considered to be the date of:
(1) actual discovery of the violation or possible violation;
(2) written notice; and
(3) filing of the action alleging the violation.
Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 4.05, eff. September 1, 2005.
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