Texas Statutes (Last Updated: January 4, 2014) |
OCCUPATIONS CODE |
Title 5. REGULATION OF FINANCIAL AND LEGAL SERVICES |
Subtitle A. FINANCIAL SERVICES |
Chapter 901. ACCOUNTANTS |
Subchapter L. ADMINISTRATIVE PENALTY |
Sec. 901.552. AMOUNT OF PENALTY
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(a) The amount of an administrative penalty may not exceed $100,000 for each violation.
(b) In determining the amount of the penalty, the board shall consider:
(1) the seriousness of the violation, including:
(A) the nature, circumstances, extent, and gravity of any prohibited act; and
(B) the hazard or potential hazard to the public;
(2) the economic damage to property caused by the violation;
(3) the history of previous violations;
(4) the amount necessary to deter a future violation;
(5) efforts to correct the violation; and
(6) any other matter that justice may require.
(c) The board by rule shall adopt a schedule for purposes of this subchapter that prescribes ranges in the amounts of administrative penalties to be imposed for specified types of conduct and circumstances.