Sec. 66.109. ENFORCEMENT OF SUPERVISORY ORDER. (a) The commissioner, after giving notice, may assess against an association or another person designated in a final supervisory order who violates the order, or both, an administrative penalty of not more than $1,000 each for each day of the violation. The association may not reimburse or indemnify a person for any part of the penalty.
(b) In addition to any other remedy provided by law, the commissioner may institute in a district court in Travis County:
(1) a suit for injunctive relief to stop or prevent a violation of a supervisory order; or
(2) a suit for injunctive relief and to collect the administrative penalty.
(c) A bond is not required of the commissioner with respect to injunctive relief granted under this section.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Chapter 66 - Enforcement and Regulation
Subchapter C. Supervisory Intervention
Section 66.101. Intervention for Violations and Unsafe and Unsound Practices
Section 66.102. Intervention for Filing Inappropriate Information
Section 66.103. Intervention for Activity Resulting in Actual or Potential Loss
Section 66.104. Intervention Relating to Examination of Affairs
Section 66.105. Temporary Supervisory Order
Section 66.106. Service of Temporary Supervisory Order
Section 66.107. Hearing on Temporary Supervisory Order; Final Order
Section 66.108. Plan of Operation of Association After Order of Temporary Conservatorship
Section 66.109. Enforcement of Supervisory Order
Section 66.110. Stay of Supervisory Order
Section 66.111. Disclosure of Information in Supervisory Order; Confidentiality