Sec. 901.506. VOLUNTARY SURRENDER OF CERTIFICATE OR FIRM LICENSE. (a) Subject to board approval, a person who holds a certificate or firm license issued under this chapter may resign and surrender the certificate or firm license to the board at any time and for any reason.
(b) A person who resigns and surrenders a certificate or firm license may not apply for reinstatement of the certificate or firm license. The person may be issued a new certificate or firm license on completion of all requirements for the issuance of an original certificate or firm license. The board may not issue a certificate to an individual who previously resigned a certificate unless:
(1) after the date of resignation, the individual completes the examination requirement for a new certificate; or
(2) on application, the board waives the examination requirement.
(c) A person who applies for a new certificate or firm license must, if applicable, disclose in the application the fact that the person previously resigned and surrendered a certificate or firm license during the course of a disciplinary investigation or proceeding conducted by the board. The board shall consider that fact in determining whether to issue a new certificate or firm license to the person.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1497, Sec. 36, 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