Sec. 35.0071. APPLICATION FOR RELEASE FROM FINAL REMOVAL OR PROHIBITION ORDER. (a) After the expiration of 10 years from date of issuance, a person who is subject to a prohibition or removal order issued under this subchapter, regardless of the order's stated duration or date of issuance, may apply to the banking commissioner to be released from the order.
(b) The application must be made under oath and in the form required by the banking commissioner. The application must be accompanied by any required fees.
(c) The banking commissioner, in the exercise of discretion, may approve or deny an application filed under this section.
(d) The banking commissioner's decision under Subsection (c) is final and not appealable.
Added by Acts 2011, 82nd Leg., R.S., Ch. 183 (S.B. 1165), Sec. 4, eff. May 28, 2011.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 35 - Enforcement Actions
Subchapter A. Enforcement Orders: Banks and Management
Section 35.0001. Applicability to Bank Subsidiaries
Section 35.001. Determination Letter
Section 35.002. Cease and Desist Order
Section 35.003. Removal or Prohibition Order
Section 35.0035. Removal or Prohibition Orders in Response to Certain Criminal Offenses
Section 35.004. Hearing on Proposed Order
Section 35.005. Emergency Order
Section 35.006. Copy of Letter or Order in Bank Records
Section 35.007. Effect of Final Removal or Prohibition Order
Section 35.0071. Application for Release From Final Removal or Prohibition Order
Section 35.008. Limitation on Action
Section 35.009. Enforcement by Commissioner
Section 35.010. Administrative Penalty
Section 35.011. Payment or Appeal of Administrative Penalty