Texas Statutes
§ 1802.207 — REIMBURSEMENT; INTEREST.
Texas § 1802.207
JurisdictionTexas
Code OCOccupations Code
This text of Texas § 1802.207 (REIMBURSEMENT; INTEREST.) 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. Occupations Code Code Ann. § 1802.207 (2026).
Text
Sec. 1802.207. REIMBURSEMENT; INTEREST.
(a)If the department pays a claim against an auctioneer, the auctioneer shall:
(1)reimburse the fund immediately or agree in writing to reimburse the fund on a schedule to be determined by rule of the commission; and
(2)immediately pay the aggrieved party any amount due to that party or agree in writing to pay the party on a schedule to be determined by rule of the commission.
(b)Payments made by an auctioneer to the fund or to an aggrieved party under this section include interest accruing at the rate of eight percent a year beginning on the date the department pays the claim.
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Legislative History
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 816, Sec. 4.013, eff. Sept. 1, 2003.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 626 (H.B. 4416 ), Sec. 20, eff. September 1, 2023.
Nearby Sections
15
§ 1802.001
DEFINITIONS.§ 1802.002
APPLICABILITY.§ 1802.003
PREEMPTION.§ 1802.004
ADVERTISEMENT OF AUCTION.§ 1802.005
RULES.§ 1802.051
LICENSE REQUIRED.§ 1802.052
ELIGIBILITY FOR AUCTIONEER'S LICENSE.§ 1802.054
APPLICATION FOR LICENSE.§ 1802.055
APPLICATION FOR EXAMINATION.§ 1802.056
LICENSE EXAMINATION.§ 1802.058
REEXAMINATION.§ 1802.101
AUCTIONEER ADVISORY BOARD.§ 1802.103
TERMS; VACANCIES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 1802.207, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/OC/1802.207.