Sec. 901.554. PENALTY TO BE PAID OR HEARING REQUESTED. (a) Not later than the 20th day after the date the person receives the report, the person may:
(1) make a written request for a hearing; or
(2) pay the administrative penalty to the board.
(b) Failure to request a hearing or pay the penalty within the time provided by this section waives the right to a hearing under this chapter.
(c) If the board determines without a hearing that the person committed a violation and a penalty is to be imposed, the board shall:
(1) provide written notice to the person of the board's findings; and
(2) enter an order requiring the person to pay 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