Texas § OC.1101.653 - GROUNDS FOR SUSPENSION OR REVOCATION OF CERTIFICATE

§ OC.1101.653. GROUNDS FOR SUSPENSION OR REVOCATION OF CERTIFICATE

GROUNDS FOR SUSPENSION OR REVOCATION OF CERTIFICATE. The commission may suspend or revoke a certificate of registration issued under this chapter if the certificate holder: (1) engages in dishonest dealing, fraud, unlawful discrimination, or a deceptive act; (2) makes a misrepresentation; (3) acts in bad faith; (4) demonstrates untrustworthiness; (5) fails to honor, within a reasonable time, a payment issued to the commission after the commission has mailed a request for payment to the certificate holder's last known address according to the commission's records; (6) fails to provide to a party to a transaction a written notice prescribed by the commission that: (A) must be given before the party is obligated to sell, buy, lease, or transfer a right-of-way or easement; and (B) contains: (i) the name of the certificate holder; (ii) the certificate number; (iii) the name of the person the certificate holder represents; (iv) a statement advising the party that the party may seek representation from a lawyer or broker in the transaction; and (v) a statement generally advising the party that the right-of-way or easement may affect the value of the property; (7) directly or indirectly accepts a financial incentive to make an initial offer that the certificate holder knows or should know is lower than the adequate compensation required under the Texas Constitution; or (8) disregards or violates this chapter or a commission rule relating to certificate holders. Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by: Acts 2021, 87th Leg., R.S., Ch. 826 (H.B. 2730 ), Sec. 4, eff. January 1, 2022. Acts 2025, 89th Leg., R.S., Ch. 1172 (S.B. 1968 ), Sec. 12, eff. January 1, 2026.