Sec. 901.553. REPORT AND NOTICE OF VIOLATION AND PENALTY. (a) If, after examination of a possible violation and the facts relating to that violation, the board determines that a violation has occurred, the board shall issue a preliminary report stating:
(1) the facts on which the determination is based;
(2) the fact that an administrative penalty is to be imposed; and
(3) the amount of the penalty.
(b) Not later than the 10th day after the date the report is issued, the board shall send a copy of the report by certified mail to the person charged with the violation, together with a statement of the person's right to a hearing relating to the alleged violation and the amount of the penalty.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 5 - Regulation of Financial and Legal Services
Subtitle A - Financial Services
Subchapter L. Administrative Penalty
Section 901.551. Imposition of Administrative Penalty
Section 901.552. Amount of Penalty
Section 901.553. Report and Notice of Violation and Penalty
Section 901.554. Penalty to Be Paid or Hearing Requested
Section 901.556. Options Following Decision: Pay or Appeal