Tex.
Fin. Code Section 14.264
Right to Bring Action Not Affected
(a)
An assurance of voluntary compliance does not affect the right of an individual to bring an action, except as provided in Chapter 349 (Penalties and Liabilities) and except that the right of an individual in relation to money received according to a stipulation under Section 14.261 (Acceptance of Assurance)(c) is governed by the terms of the assurance.(b)
A person entering into an assurance of voluntary compliance may, not later than the 60th day after the date of filing of the assurance, correct the violation under Section 349.201 (Correction Resulting in No Liability). Amounts paid as restitution and other acts taken in accordance with an assurance of voluntary compliance shall be considered for purposes of determining whether the obligor has made a correction under Subchapter C (Correction Resulting in No Liability), Chapter 349 (Penalties and Liabilities). With respect to corrections of violations or possible violations relating to matters addressed in the assurance of voluntary compliance, the date of filing of the assurance is considered to be the date of:(1)
actual discovery of the violation or possible violation;(2)
written notice; and(3)
filing of the action alleging the violation.
Source:
Section 14.264 — Right to Bring Action Not Affected, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.14.htm#14.264 (accessed Apr. 13, 2024).
