Texas Statutes (Last Updated: January 4, 2014) |
OCCUPATIONS CODE |
Title 7. PRACTICES AND PROFESSIONS RELATED TO REAL PROPERTY AND HOUSING |
Subtitle A. PROFESSIONS RELATED TO REAL ESTATE |
Chapter 1103. REAL ESTATE APPRAISERS |
Subchapter L. PENALTIES AND OTHER ENFORCEMENT PROVISIONS |
Sec. 1103.552. ADMINISTRATIVE PENALTY
Latest version.
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(a) The board may impose an administrative penalty for a violation of this chapter or a rule adopted or order issued by the board under this chapter in an amount not to exceed:
(1) $1,500 for each violation; or
(2) $5,000 for multiple violations in a single case.
(b) The person on whom the penalty is imposed shall pay the penalty not later than the 20th day after the date the order imposing the penalty becomes final.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 106, Sec. 5, eff. Sept. 1, 2003. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 131 , Sec. 23, eff. May 27, 2011.