Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 66.109 - Enforcement of Supervisory Order(a) The commissioner, after giving notice, may assess against an association or another person designated in a final supervisory order who violates the order, or both, an administrative penalty of not more than $1,000 each for each day of the violation. The association may not reimburse or indemnify a person for any part of the penalty.(b) In addition to any other remedy provided by law, the commissioner may institute in a district court in Travis County:(1) a suit for injunctive relief to stop or prevent a violation of a supervisory order; or(2) a suit for injunctive relief and to collect the administrative penalty.(c) A bond is not required of the commissioner with respect to injunctive relief granted under this section. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.