Sec. 185.209. VIOLATION OF FINAL CEASE AND DESIST ORDER. (a) If the banking commissioner reasonably believes that a person has violated a final and enforceable cease and desist order, the banking commissioner may:
(1) initiate administrative penalty proceedings under Section 185.210;
(2) refer the matter to the attorney general for enforcement by injunction and any other available remedy; or
(3) pursue any other action the banking commissioner considers appropriate under applicable law.
(b) If the attorney general prevails in an action brought under Subsection (a)(2), the attorney general is entitled to reasonable attorney's fees.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 185 - Enforcement Actions
Subchapter C. Unauthorized Trust Activity: Investigation and Enforcement
Section 185.201. Investigation of Unauthorized Trust Activity
Section 185.202. Subpoena Authority
Section 185.203. Enforcement of Subpoena
Section 185.204. Confidentiality of Subpoenaed Records
Section 185.206. Cease and Desist Order Regarding Unauthorized Trust Activity
Section 185.207. Emergency Cease and Desist Order
Section 185.208. Appeal of Cease and Desist Order
Section 185.209. Violation of Final Cease and Desist Order
Section 185.210. Administrative Penalty
Section 185.211. Payment and Appeal of Administrative Penalty