119.008 – LIABILITY OF COMMISSIONER AND OTHER COMMISSION
Texas Finance Code § 119.008
Summary
This law protects certain officials of the Department of Savings and Mortgage Lending from personal liability for their official actions, unless those actions are corrupt or malicious. It ensures that these individuals can perform their duties without fear of personal legal repercussions, while also providing them with legal defense from the attorney general if needed.
Officials are not personally liable for official acts unless corrupt or malicious.
The attorney general will defend these officials in legal actions.
Applies to commissioner and other department personnel.
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In simple terms: Learn about Texas's LIABILITY OF COMMISSIONER AND OTHER COMMISSION law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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