Sec. 901.504. LICENSE REVOCATION BASED ON VIOLATION OF CHAPTER. After notice and hearing as provided by Section 901.509, the board:
(1) may revoke a license that was issued or renewed in violation of this chapter or a rule adopted under this chapter; and
(2) shall revoke the firm license of a sole proprietorship, partnership, corporation, limited liability company, or other business entity that does not meet each qualification for a firm license prescribed by this chapter.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1497, Sec. 34, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 5 - Regulation of Financial and Legal Services
Subtitle A - Financial Services
Subchapter K. Prohibited Practices and Disciplinary Procedures
Section 901.501. Disciplinary Powers of Board
Section 901.502. Grounds for Disciplinary Action
Section 901.503. Board Action Involving Applicant
Section 901.504. License Revocation Based on Violation of Chapter
Section 901.5045. Emergency Suspension
Section 901.505. Procedure Pending Final Conviction of Certain Offenses
Section 901.506. Voluntary Surrender of Certificate or Firm License
Section 901.507. Reinstatement
Section 901.508. Right to Hearing
Section 901.509. Notice of Hearing
Section 901.510. Legal Representation at Hearing
Section 901.511. Disciplinary Action for Act Committed in Another State