Sec. 151.706. CONSENT ORDERS. (a) The commissioner may enter into a consent order at any time with a person to resolve a matter arising under this chapter or a rule adopted or order issued under this chapter.
(b) A consent order must be signed by the person to whom the order is issued or by the person's authorized representative and must indicate agreement with the terms contained in the order. However, a consent order may provide that the order does not constitute an admission by a person that this chapter or a rule adopted or order issued under this chapter has been violated.
(c) A consent order is a final order and may not be appealed.
Added by Acts 2005, 79th Leg., Ch. 1099 (H.B. 2218), Sec. 1, eff. September 1, 2005.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle E - Other Financial Businesses
Chapter 151 - Regulation of Money Services Businesses
Section 151.701. Injunctive Relief
Section 151.702. Cease and Desist Orders for Unlicensed Persons
Section 151.703. Suspension and Revocation of License
Section 151.704. Suspension and Revocation of Authorized Delegate Designation
Section 151.705. Cease and Desist Orders for License Holders or Authorized Delegates
Section 151.706. Consent Orders
Section 151.707. Administrative Penalty
Section 151.708. Criminal Penalty
Section 151.709. Notice, Hearing, and Other Procedures for Nonemergency Orders
Section 151.710. Requirements and Notice and Hearing Procedures for Emergency Orders