152.406 – CONSENT ORDERS. (a) The commissioner may enter
Texas Finance Code § 152.406
Summary
This law allows the commissioner to create consent orders to resolve issues related to financial regulations. It affects individuals or entities involved in matters under this chapter, allowing for a resolution without admitting fault.
Commissioner can issue consent orders at any time.
Consent orders require signature from the affected person or representative.
Orders may state they do not imply admission of wrongdoing.
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In simple terms: Learn about Texas's CONSENT ORDERS. (a) The commissioner may enter 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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