REFUND.
Tex. OCC Code § 503.407.
in effect(a) Subject to Subsection (b), the executive council may order a license holder to pay a refund to a consumer as provided in an agreement resulting from an informal settlement conference instead of or in addition to imposing an administrative penalty under Subchapter H , Chapter 507 .
(b) The amount of a refund ordered as provided in an agreement resulting from an informal settlement conference may not exceed the amount the consumer paid to the license holder for a service regulated by this chapter. The executive council may not require payment of other damages or estimate harm in a refund order.
Added by Acts 2005, 79th Leg., Ch. 561 (H.B. 1283 ), Sec. 22, eff. September 1, 2005.
SUBCHAPTER J. PENALTIES AND ENFORCEMENT PROVISIONS