§ 281.002. Reporting Suspected Financial Exploitation of Vulnerable Adults.

Statutes | Tex. Fin. Code § 281.002

(a) If an employee of a financial institution has cause to believe that financial exploitation of a vulnerable adult who is an account holder with the financial institution has occurred, is occurring, or has been attempted, the employee shall notify the financial institution of the suspected...

§ 281.001. Definitions.

Statutes | Tex. Fin. Code § 281.001

In this chapter: (1) "Department" means the Department of Family and Protective Services. (2) "Exploitation" means the act of forcing, compelling, or exerting undue influence over a person causing the person to act in a way that is inconsistent with the person&rsquos relevant...

§ 158.106. Restitution.

Statutes | Tex. Fin. Code § 158.106

The commissioner may order a residential mortgage loan servicer to pay to a complainant any compensation received by the servicer in a violation cited by the commissioner in a final order.

§ 156.507. Subrogation.

Statutes | Tex. Finance Code § 156.507

When the commissioner has paid an applicant an amount from the recovery fund under Section 156.504, the commissioner is subrogated to all of the rights of the applicant to the extent of the amount paid. The applicant shall assign all of the applicants right, title, and interest in any subsequent...

§ 156.506. Revocation or Suspension of License for Payment from Recovery Fund.

Statutes | Tex. Finance Code § 156.506

(a) The commissioner may revoke or suspend a license issued under Chapter 157 on proof that the commissioner has made a payment from the recovery fund of any amount toward satisfaction of a claim against a residential mortgage loan originator under Chapter 157.(a-1) The commissioner may...

§ 156.505. Recovery Limits.

Statutes | Tex. Finance Code § 156.505

(a) A person entitled to receive payment out of the recovery fund is entitled to receive reimbursement of actual, out-of-pocket damages as provided by this section.(b) A payment from the recovery fund may be made as provided by Section 156.504 and this section. A payment for...

§ 156.504. Procedure for Recovery.

Statutes | Tex. Finance Code § 156.504

(a) To recover from the recovery fund, a residential mortgage loan applicant must file a written sworn application with the commissioner in the form prescribed by the commissioner, subject to Section 156.503. A person who knowingly makes a false statement in connection with applying for money out...

§ 156.503. Statute of Limitations.

Statutes | Tex. Finance Code § 156.503

(a) An application for the recovery of actual damages from the recovery fund under Section 156.504 may not be filed after the fourth anniversary of the date of the alleged act or omission causing the actual damages or the date the act or omission should reasonably have been...

§ 156.502. Funding.

Statutes | Tex. Finance Code § 156.502

(a) On an application for an original license issued under Chapter 157, the applicant, in addition to paying the original application fee, shall pay a fee in the amount of $20. The fee shall be deposited in the recovery fund. (a-1) All or any portion of the amount of a penalty that is...

§ 156.501. Recovery Fund.

Statutes | Tex. Finance Code § 156.501

(a) The commissioner shall establish, administer, and maintain a recovery fund as provided by Section 13.016 and this subchapter. The amounts received by the commissioner for deposit in the fund shall be held by the commissioner in trust for carrying out the purposes of the fund....