Texas § 14.262 EFFECT OF ASSURANCE.

Texas Statutes

§ 14.262 — EFFECT OF ASSURANCE.

Texas § 14.262

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 14.262 (2026).

Text

Sec. 14.262. EFFECT OF ASSURANCE.

(a)An assurance of voluntary compliance is not an admission of a violation of:

(1)this chapter or a rule adopted under this chapter;

(2)Chapter 393 with respect to a credit access business or Chapter 394 ; or

(3)Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.

(b)Unless an assurance of voluntary compliance is rescinded by agreement or voided by a court for good cause, a subsequent failure to comply with the assurance is prima facie evidence of a violation of:

(1)this chapter or a rule adopted under this chapter;

(2)Chapter 393 with respect to a credit access business or Chapter 394 ; or

(3)Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.

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Sec. 14.262. EFFECT OF ASSURANCE. (a) An assurance of voluntary compliance is not an admission of a violation of:
(1) this chapter or a rule adopted under this chapter;
(2) Chapter 393 with respect to a credit access business or Chapter 394 ; or
(3) Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.
(b) Unless an assurance of voluntary compliance is rescinded by agreement or voided by a court for good cause, a subsequent failure to comply with the assurance is prima facie evidence of a violation of:
(1) this chapter or a rule adopted under this chapter;
(2) Chapter 393 with respect to a credit access business or Chapter 394 ; or
(3) Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.

Legislative History

Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955 ), Sec. 4.05, eff. September 1, 2005. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594 ), Sec. 9, eff. January 1, 2012. Acts 2013, 83rd Leg., R.S., Ch. 63 (H.B. 2548 ), Sec. 7, eff. September 1, 2013. Acts 2017, 85th Leg., R.S., Ch. 196 (S.B. 560 ), Sec. 8, eff. September 1, 2017.