Texas § FI.13.016 - RECOVERY FUND
Full text of Texas The Texas Constitution § FI.13.016 — RECOVERY FUND, with citation guidance and answers to common questions.
§ FI.13.016. RECOVERY FUND
RECOVERY FUND. (a) Except as provided by Subchapter G , Chapter 156 , the savings and mortgage lending commissioner shall establish, administer, and maintain one recovery fund for the purposes of Chapters 156 and 157 . The recovery fund shall be administered and maintained under Subchapter F , Chapter 156 . (b) The savings and mortgage lending commissioner's authority under this section includes the authority to enforce disciplinary action as provided by Chapters 156 and 157 for a person's failure to comply with the applicable provisions of those chapters relating to the recovery fund and with applicable rules adopted under those chapters. Added by Acts 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124 ), Sec. 2, eff. September 1, 2011. Amended by: Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617 ), Sec. 1, eff. September 1, 2021.
Frequently Asked Questions About Texas § FI.13.016
What does The Texas Constitution § FI.13.016 cover?
Section FI.13.016 ("RECOVERY FUND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.13.016?
A common citation format is "The Texas Constitution § FI.13.016" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.13.016 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.