122.260 – ADMINISTRATIVE PENALTY; INJUNCTION. (a) If a
Texas Finance Code § 122.260
Summary
This law allows the commissioner to impose administrative penalties on credit unions or designated individuals for non-compliance with final orders. The penalties range from $100 to $10,000 per day for each violation, ensuring adherence to regulatory requirements.
Penalties apply to credit unions and designated individuals.
Fines range from $100 to $10,000 per day.
Non-compliance with final orders triggers these penalties.
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In simple terms: Learn about Texas's ADMINISTRATIVE PENALTY; INJUNCTION. (a) If a 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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