{"data":{"id":"us-tx/tex.-finance-code-119.201","jurisdiction":"us-tx","citation":"Tex. Finance Code § 119.201","heading":"ADMINISTRATIVE PENALTY FOR FAILING TO COMPLY WITH SUBTITLE.","body":"(a) The commissioner may require a savings bank that knowingly violates this subtitle or a rule adopted under this subtitle to pay to the Department of Savings and Mortgage Lending an administrative penalty not to exceed $10,000 for each day that the violation occurs after notice of the violation is given by the commissioner.\n(b) On the commissioner's certification that a savings bank has not paid a penalty assessed under this section, the attorney general may file suit to collect the penalty.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 3.04, eff. September 1, 2005.\nActs 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.051, eff. September 1, 2007.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 119. MISCELLANEOUS PROVISIONS APPLICABLE TO SAVINGS BANKS","SUBCHAPTER C. OFFENSES AND PENALTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.119.htm#119.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"0cc3332d08903dd5caae634133f1d0125f652980a1fcedeb93ef90106ce8e664","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-119.102","next":"us-tx/tex.-finance-code-119.202"},"notice":"GroundRules: Original legal text. Not legal advice."}