Texas § OC.1802.207 - REIMBURSEMENT
Full text of Texas The Texas Constitution § OC.1802.207 — REIMBURSEMENT, with citation guidance and answers to common questions.
§ OC.1802.207. REIMBURSEMENT
REIMBURSEMENT; INTEREST. (a) If the department pays a claim against an auctioneer, the auctioneer shall: (1) reimburse the fund immediately or agree in writing to reimburse the fund on a schedule to be determined by rule of the commission; and (2) immediately pay the aggrieved party any amount due to that party or agree in writing to pay the party on a schedule to be determined by rule of the commission. (b) Payments made by an auctioneer to the fund or to an aggrieved party under this section include interest accruing at the rate of eight percent a year beginning on the date the department pays the claim. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 816, Sec. 4.013, eff. Sept. 1, 2003. Amended by: Acts 2023, 88th Leg., R.S., Ch. 626 (H.B. 4416 ), Sec. 20, eff. September 1, 2023.
Frequently Asked Questions About Texas § OC.1802.207
What does The Texas Constitution § OC.1802.207 cover?
Section OC.1802.207 ("REIMBURSEMENT") 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.1802.207?
A common citation format is "The Texas Constitution § OC.1802.207" (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.1802.207 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.