Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 534GENERAL ADMINISTRATION
RULE §534.2Processing Fees for Dishonored Payments
ISSUE 12/02/2016
ACTION Final/Adopted
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, the Commission shall charge the fee to the license holder or applicant 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 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 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 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 17, 2016

TRD-201605877

Kerri Lewis

General Counsel

Texas Real Estate Commission

Effective date: December 7, 2016

Proposal publication date: September 2, 2016

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

 

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