Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 5. PROTECTION OF CONSUMER INTERESTS |
Subtitle C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES |
Chapter 557. INSURED PROPERTY SUBJECT TO SECURITY INTEREST |
Subchapter B. LIENHOLDER APPROVAL OF INSURANCE CLAIM PAYMENT RELATING TO PERSONAL PROPERTY |
Sec. 557.052. CIVIL PENALTY
Latest version.
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(a) A lienholder who violates Section 557.051 is liable for a civil penalty not to exceed $500 for each violation.
(b) The attorney general may bring an action to collect a civil penalty under this section.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.