{"data":{"id":"us-tx/tex.-finance-code-353.508","jurisdiction":"us-tx","citation":"Tex. Finance Code § 353.508","heading":"LICENSE SUSPENSION OR REVOCATION.","body":"After notice and opportunity for a hearing, the commissioner may suspend or revoke a license if the commissioner finds that:\n(1) the license holder failed to pay the license fee, an investigation fee, or another charge imposed by the commissioner;\n(2) the license holder, knowingly or without the exercise of due care, violated this chapter or a rule adopted or order issued under this chapter; or\n(3) a fact or condition exists that, if it had existed or had been known to exist at the time of the original application for the license, clearly would have justified the commissioner's denial of the application.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 61, eff. September 1, 2019.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES","SUBCHAPTER F. LICENSING; ADMINISTRATION OF CHAPTER"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.353.htm#353.508","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"d4a0dab660e9a982caa998acce084d56fd4aae5f1118f5905988514af09c13a8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-353.507","next":"us-tx/tex.-finance-code-353.509"},"notice":"GroundRules: Original legal text. Not legal advice."}