Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 534GENERAL ADMINISTRATION
RULE §534.2Processing Fees for Dishonored Payments
ISSUE 09/02/2016
ACTION Proposed
Preamble Texas Admin Code Rule
(a)If a payment to the Commission by or on behalf of a license holder or applicant is dishonored or reversed by a bank or other financial institution [depository for insufficient funds], the Commission shall charge the fee to the license holder or applicant [drawer or endorser] for processing the dishonored or reversed payment required by §535.101(b)(23) of this title (relating to Fees). The Commission shall notify the license holder or applicant [drawer or endorser] of the fee by sending a request for payment of the dishonored or reversed payment and the processing fee by certified mail to the last known mailing address of the license holder or applicant [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 license holder or applicant [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)(No change.)

The agency certifies that legal counsel has reviewed the proposal and found it to be within the state agency's legal authority to adopt.

Filed with the Office of the Secretary of State on August 18, 2016

TRD-201604244

Kerri Lewis

General Counsel

Texas Real Estate Commission

Earliest possible date of adoption: October 2, 2016

For further information, please call: (512) 936-3092

 

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