Texas Statutes
§ 156.302 — ADMINISTRATIVE PENALTY.
Texas § 156.302
JurisdictionTexas
Code FIFinance Code
This text of Texas § 156.302 (ADMINISTRATIVE PENALTY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 156.302 (2026).
Text
Sec. 156.302. ADMINISTRATIVE PENALTY.
(a)The commissioner, after notice and opportunity for hearing, may impose an administrative penalty on a person licensed under this chapter who violates this chapter or a rule or order adopted under this chapter.
(b)The amount of the penalty may not exceed $25,000 for each violation. The amount shall be based on:
(1)the seriousness of the violation, including the nature, circumstances, extent, and gravity of the violation;
(2)the economic harm to property caused by the violation;
(3)the history of previous violations;
(4)the amount necessary to deter a future violation;
(5)efforts to correct the violation; and
(6)any other matter that justice may require.
(c)The enforcement of the penalty may be stayed during the time the order is under judici
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Legislative History
Added by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 337, Sec. 11, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 407, Sec. 4, eff. Sept. 1, 2001.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774 ), Sec. 16, eff. September 1, 2009.
Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124 ), Sec. 31, eff. September 1, 2011.
Nearby Sections
15
§ 156.001
SHORT TITLE.§ 156.002
DEFINITIONS.§ 156.003
SECONDARY MARKET TRANSACTIONS.§ 156.004
DISCLOSURE TO APPLICANT.§ 156.005
AFFILIATED BUSINESS ARRANGEMENTS.§ 156.102
RULEMAKING AUTHORITY.§ 156.103
POWERS OF COMMISSIONER.§ 156.105
STANDARD FORMS.§ 156.201
LICENSES REQUIRED.§ 156.2012
REGISTERED FINANCIAL SERVICES COMPANY.§ 156.202
EXEMPTIONS.§ 156.203
APPLICATION; FEES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 156.302, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/156.302.