Tex. Fin. Code Section 35.009
Enforcement by Commissioner


(a)

If the banking commissioner reasonably believes that a bank or other person has violated any of the following, the banking commissioner may take any action authorized under Subsection (a-1):

(1)

this subtitle or rules enacted under this subtitle and, as a result of that violation, exposed or could have exposed the bank or the bank’s depositors, creditors, or shareholders to harm;

(2)

other applicable law of this state and, as a result of that violation, exposed or could have exposed the bank or the bank’s depositors, creditors, or shareholders to harm; or

(3)

a final order issued by the banking commissioner.

(a-1)

The banking commissioner may:

(1)

initiate an administrative penalty proceeding against the bank or other person, in accordance with Sections 35.010 (Administrative Penalty) and 35.011 (Payment or Appeal of Administrative Penalty);

(2)

refer the matter to the attorney general for enforcement by injunction or other available remedy; or

(3)

pursue any other action the banking commissioner considers appropriate under applicable law.

(b)

If the attorney general prevails in an action brought under Subsection (a-1)(2), the attorney general is entitled to recover reasonable attorney’s fees from the bank or person committing the violation.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 183 (S.B. 1165), Sec. 5, eff. May 28, 2011.

Source: Section 35.009 — Enforcement by Commissioner, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­35.­htm#35.­009 (accessed Jun. 5, 2024).

35.0001
Applicability to Bank Subsidiaries
35.001
Determination Letter
35.002
Cease and Desist Order
35.003
Removal or Prohibition Order
35.004
Hearing on Proposed Order
35.005
Emergency Order
35.006
Copy of Letter or Order in Bank Records
35.007
Effect of Final Removal or Prohibition Order
35.008
Limitation on Action
35.009
Enforcement by Commissioner
35.010
Administrative Penalty
35.011
Payment or Appeal of Administrative Penalty
35.012
Confidentiality of Records
35.013
Collection of Fees
35.0035
Removal or Prohibition Orders in Response to Certain Criminal Offenses
35.0071
Application for Release from Final Removal or Prohibition Order
35.101
Order of Supervision
35.102
Order of Conservatorship
35.103
Notice and Hearing
35.104
Post-hearing Order
35.105
Confidentiality of Records
35.106
Authority of Supervisor
35.107
Authority of Conservator
35.108
Qualifications of Appointee
35.109
Expenses
35.110
Review of Supervisor or Conservator Decision
35.111
Venue
35.112
Duration
35.113
Administrative Election of Remedies
35.114
Release Before Hearing
35.201
Inapplicability
35.202
Investigation of Unauthorized Activity
35.203
Subpoena Authority
35.204
Enforcement of Subpoena
35.205
Confidentiality of Subpoenaed Records
35.206
Evidence
35.207
Cease and Desist Order
35.208
Emergency Cease and Desist Order
35.209
Judicial Review of Cease and Desist Order
35.210
Violation of Final Cease and Desist Order
35.211
Administrative Penalty
35.212
Payment and Appeal of Administrative Penalty
35.213
Judicial Review of Administrative Penalty
35.1001
Applicability to Bank Subsidiaries

Accessed:
Jun. 5, 2024

§ 35.009’s source at texas​.gov