Sec.
§
1101.653
Grounds for Suspension or Revocation of Certificate
The commission may suspend or revoke a certificate of registration issued under this chapter if the certificate holder:
(1)
engages in dishonest dealing, fraud, unlawful discrimination, or a deceptive act;
(2)
makes a misrepresentation;
(3)
acts in bad faith;
(4)
demonstrates untrustworthiness;
(5)
fails to honor, within a reasonable time, a check issued to the commission after the commission has mailed a request for payment to the certificate holder’s last known address according to the commission’s records;
(6)
fails to provide to a party to a transaction a written notice prescribed by the commission that:
(A)
must be given before the party is obligated to sell, buy, lease, or transfer a right-of-way or easement; and
(B)
contains:
(i)
the name of the certificate holder;
(ii)
the certificate number;
(iii)
the name of the person the certificate holder represents;
(iv)
a statement advising the party that the party may seek representation from a lawyer or broker in the transaction; and
(v)
a statement generally advising the party that the right-of-way or easement may affect the value of the property; or
(7)
disregards or violates this chapter or a commission rule relating to certificate holders.Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.