Tex. Fin. Code Section 180.203
Cease and Desist Orders

A regulatory official may:

(1)

order or direct a person subject to regulation under this chapter to cease and desist from conducting business, including issuing an immediate temporary order to cease and desist from conducting business;

(2)

order or direct a person subject to regulation under this chapter to cease a violation of this chapter or a harmful activity in violation of this chapter, including issuing an immediate temporary order to cease and desist;

(3)

enter immediate temporary orders against a person subject to regulation under this chapter to cease engaging in business under a license if the regulatory official determines that the license was erroneously granted or the license holder is in violation of this chapter; and

(4)

order or direct other affirmative action as the regulatory official considers necessary.

Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 1, eff. June 19, 2009.

Source: Section 180.203 — Cease and Desist Orders, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.180.htm#180.203 (accessed Jun. 5, 2024).

180.001
Short Title 180.002
Definitions 180.003
Exemption 180.004
Administrative Authority 180.005
Severability 180.051
State License Required 180.052
Enrollment or Registration with Nationwide Mortgage Licensing System and Registry 180.053
Application Form 180.054
Criminal and Other Background Checks 180.055
Issuance of License 180.056
Prelicensing Educational Courses 180.057
Testing Requirements 180.058
Recovery Fund Fee or Surety Bond Requirement 180.059
Standards for License Renewal 180.060
Continuing Education Courses 180.061
Rulemaking Authority 180.062
Confidentiality of Information 180.101
Mortgage Call Reports 180.102
Report of Violations and Enforcement Actions 180.103
Information Challenge Process 180.151
Display of Unique Identifier 180.152
Representations 180.153
Prohibited Acts and Practices 180.171
Enrollment with Department of Savings and Mortgage Lending 180.201
Enforcement Authority 180.202
Administrative Penalty 180.203
Cease and Desist Orders 180.251
General Duties of Regulatory Officials 180.252
Authority of Regulatory Officials to Establish Relationship with Nationwide Mortgage Licensing System and Registry 180.0511
Temporary Authority to Originate Loans

Accessed:
Jun. 5, 2024

§ 180.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._fin._code_section_180.203

Original Source: Section 180.203 — Cease and Desist Orders, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.180.htm#180.203 (last accessed Jun. 5, 2024).