Sec. 901.5045. EMERGENCY SUSPENSION. (a) On determining that a license holder is engaged in or about to engage in an act of fraud or a violation of this chapter and that the license holder's continued practice constitutes an immediate threat to the public welfare, the board may issue an order suspending the license holder's license without notice or a hearing. The board shall immediately serve notice of the suspension on the license holder.
(b) The notice required by Subsection (a) must:
(1) be personally served on the license holder or be sent by registered or certified mail, return receipt requested, to the license holder's last known address according the board's records;
(2) state the grounds for the suspension; and
(3) inform the license holder of the right to a hearing on the suspension order.
(c) A license holder whose license is suspended under this section is entitled to request a hearing on the suspension not later than the 30th day after the date of receipt of notice of the suspension. Not later than the fifth day after the date a hearing is requested, the board shall issue a notice of hearing as provided by Section 901.509.
(d) The hearing shall be held not later than the fifth day after the date notice of hearing is issued, unless the parties agree to a later date. A hearing on a suspension order under this section is subject to Chapter 2001, Government Code. If the hearing is before an administrative law judge, after the hearing, the administrative law judge shall recommend to the board whether to uphold, vacate, or modify the suspension order.
(e) A suspension order issued under this section remains in effect until further action is taken by the board. If the administrative law judge's recommendation under Subsection (d) is to vacate the order, the board shall determine whether to vacate the order not later than the second day after the date of the recommendation.
Added by Acts 2003, 78th Leg., ch. 525, Sec. 22, eff. Sept. 1, 2003.
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