Texas § OC.1101.655 - REVOCATION OF LICENSE OR CERTIFICATE FOR CLAIM ON ACCOUNT
Full text of Texas The Texas Constitution § OC.1101.655 — REVOCATION OF LICENSE OR CERTIFICATE FOR CLAIM ON ACCOUNT, with citation guidance and answers to common questions.
§ OC.1101.655. REVOCATION OF LICENSE OR CERTIFICATE FOR CLAIM ON ACCOUNT
REVOCATION OF LICENSE OR CERTIFICATE FOR CLAIM ON ACCOUNT. (a) The commission shall revoke a license, approval, or registration issued under this chapter or Chapter 1102 if: (1) the commission makes a payment from the real estate recovery trust account under Subchapter M on behalf of a license or registration holder; and (2) the license or registration holder does not repay the real estate recovery trust account the full amount of a payment made on the license or registration holder's behalf before the 31st day after the date the commission provides notice to the license or registration holder. (b) The commission may probate an order revoking a license, approval, or registration under this section. (c) A person is not eligible for a license or certificate until the person has repaid in full the amount paid from the account for the person, plus interest at the legal rate. (d) For the purposes of this section, if payment is made from the real estate recovery trust account on behalf of a business entity license holder or a designated broker of a business entity license holder, the commission shall proceed under Subsection (a) against both the business entity and designated broker. Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by: Acts 2005, 79th Leg., Ch. 825 (S.B. 810 ), Sec. 10, eff. September 1, 2005. Acts 2007, 80th Leg., R.S., Ch. 297 (H.B. 1530 ), Sec. 10, eff. September 1, 2007. Acts 2015, 84th Leg., R.S., Ch. 1158 (S.B. 699 ), Sec. 70, eff. January 1, 2016.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § OC.1101.655
What does The Texas Constitution § OC.1101.655 cover?
Section OC.1101.655 ("REVOCATION OF LICENSE OR CERTIFICATE FOR CLAIM ON ACCOUNT") 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 § OC.1101.655?
A common citation format is "The Texas Constitution § OC.1101.655" (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 § OC.1101.655 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.