Texas Statutes
§ 2257.110 — PENALTY AMOUNT; PENALTIES NOT EXCLUSIVE.
Texas § 2257.110
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 2257.110 (PENALTY AMOUNT; PENALTIES NOT EXCLUSIVE.) 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. Government Code Code Ann. § 2257.110 (2026).
Text
Sec. 2257.110. PENALTY AMOUNT; PENALTIES NOT EXCLUSIVE.
(a)The comptroller by rule shall adopt a formula for determining the amount of a penalty under this subchapter. For each violation and for each day of a continuing violation, a penalty must be at least $100 per day and not more than $1,000 per day. The penalty must be based on factors that include:
(1)the aggregate average weekly deposit amounts during the state fiscal year of the institution's deposits of public funds;
(2)the number of violations by the institution during the state fiscal year;
(3)the number of days of a continuing violation; and
(4)the average asset base of the institution as reported on the institution's year-end report of condition.
(b)The penalties provided by Sections 2257.107-2257.109 are in addition to t
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Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 486 (S.B. 638 ), Sec. 1, eff. September 1, 2009.
Nearby Sections
15
§ 2257.001
SHORT TITLE.§ 2257.002
DEFINITIONS.§ 2257.0025
HIGH-RISK MORTGAGE SECURITY.§ 2257.004
CONFLICT WITH OTHER LAW.§ 2257.005
CONTRACT GOVERNS LEGAL ACTION.§ 2257.021
COLLATERAL REQUIRED.§ 2257.022
AMOUNT OF COLLATERAL.§ 2257.023
COLLATERAL POLICY.§ 2257.025
RECORDS OF DEPOSITORY.§ 2257.041
DEPOSIT OF SECURITIES WITH CUSTODIAN.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 2257.110, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/2257.110.