Sec. 353.508. LICENSE SUSPENSION OR REVOCATION. After notice and opportunity for a hearing, the commissioner may suspend or revoke a license if the commissioner finds that:
(1) the license holder failed to pay the license fee, an investigation fee, or another charge imposed by the commissioner;
(2) the license holder, knowingly or without the exercise of due care, violated this chapter or a rule adopted or order issued under this chapter; or
(3) a fact or condition exists that, if it had existed or had been known to exist at the time of the original application for the license, clearly would have justified the commissioner's denial of the application.
Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 61, eff. September 1, 2019.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 353 - Commercial Motor Vehicle Installment Sales
Subchapter F. Licensing; Administration of Chapter
Section 353.501. License Required
Section 353.502. Application Requirements
Section 353.503. Investigation of Application
Section 353.504. Approval or Denial of Application
Section 353.505. Disposition of Fees on Denial of Application
Section 353.5055. License Term
Section 353.5065. Grounds for Refusal of Renewal
Section 353.507. Expiration of License on Failure to Pay Fee
Section 353.508. License Suspension or Revocation
Section 353.509. Reinstatement of Suspended License; Issuance of New License After Revocation
Section 353.510. Surrender of License
Section 353.511. Effect of License Suspension, Revocation, or Surrender
Section 353.512. Transfer or Assignment of License
Section 353.513. Adoption of Rules