Tex. Fin. Code Section 351.156
License Suspension or Revocation

After notice and opportunity for a hearing, the commissioner may suspend or revoke a license if the commissioner finds that:

(1)

the license holder failed to pay the license fee, an examination fee, an investigation fee, or another charge imposed by the commissioner under this chapter;

(2)

the license holder, knowingly or without the exercise of due care, violated this chapter or Section 32.06 (Property Tax Loans; Transfer of Tax Lien) or 32.065 (Contract for Foreclosure of Tax Lien), Tax Code, or a rule adopted or an order issued under this chapter or Section 32.06 (Property Tax Loans; Transfer of Tax Lien) or 32.065 (Contract for Foreclosure of Tax Lien), Tax Code;

(3)

a fact or condition exists that, if it had existed or had been known to exist at the time of the original application for the license, clearly would have justified the commissioner’s denial of the application; or

(4)

the license holder has failed to ensure that an individual acting as a residential mortgage loan originator, as defined by Section 180.002 (Definitions), in the making, transacting, or negotiating of a property tax loan for a principal dwelling is licensed under this chapter in accordance with Section 351.0515 (Residential Mortgage Loan Originator License Required).
Added by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 1, eff. September 1, 2007.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 19, eff. June 19, 2009.
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 52, eff. September 1, 2019.

Source: Section 351.156 — License Suspension or Revocation, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­351.­htm#351.­156 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 351.156’s source at texas​.gov