(a)If a payment to the Commission is dishonored by
a bank or depository for insufficient funds, the Commission shall
charge the fee to the drawer or endorser for processing the dishonored
payment required by §535.101(b)(23) of this title (relating to
Fees). The Commission shall notify the drawer or endorser of the fee
by sending a request for payment of the dishonored payment and the
processing fee by certified mail to the last known mailing address
of the person as shown in the records of the Commission. If the Commission
has sent a request for payment in accordance with the provisions of
this section, the failure of the drawer or endorser to pay the processing
fee within 15 days after the Commission has mailed the request is
a violation of this section.
(b)Collection of the fee imposed under this section
does not preclude the Commission from proceeding under Texas Occupations
Code, §1101.652(a)(3), against a license holder who has failed
to make good a payment issued to the Commission within a reasonable
time.
The agency certifies that legal counsel has reviewed
the adoption and found it to
be a valid exercise of the agency's legal
authority.
Filed with the Office
of the Secretary of State on November 4, 2015
TRD-201504743 Kerri Lewis
General Counsel
Texas Real Estate Commission
Effective date: November 24, 2015
Proposal publication date: September 4, 2015
For further information, please call: (512) 936-3092
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