Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 14.261 - Acceptance of Assurance(a) In administering this chapter, the commissioner may accept assurance of voluntary compliance from a person who is engaging in or has engaged in an act or practice in violation of:(1) this chapter or a rule adopted under this chapter;(2) Chapter 393, if the person is a credit access business, or Chapter 394; or(3) Subtitle B, Title 4, or a rule adopted under Subtitle B, Title 4.(b) The assurance must be in writing and be filed with the commissioner.(c) The commissioner may condition acceptance of an assurance of voluntary compliance on the stipulation that the person offering the assurance restore to a person in interest money that may have been acquired by the act or practice described by Subsection (a).(d) The finance commission may adopt rules to establish the form of the assurance or require certain information be contained in an assurance.Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 196,Sec. 7, eff. 9/1/2017.Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 63,Sec. 6, eff. 9/1/2013.Amended By Acts 2011, 82nd Leg., R.S., Ch. 1302, Sec. 8, eff. 1/1/2012.Added by Acts 2005, 79th Leg., Ch. 1018, Sec. 4.05, eff. 9/1/2005.