PAYMENT LIMITS.
Tex. OCC Code § 1802.206.
in effect(a) The department may not pay a single aggrieved party more than $15,000 for all claims arising from a single auction.
(b) Repealed by Acts 2023, 88th Leg., R.S., Ch. 626 (H.B. 4416 ), Sec. 26(9), eff. September 1, 2023.
(c) The total payment of claims against a single auctioneer arising from a single auction may not exceed $100,000.
Acts 2013, 83rd Leg., R.S., Ch. 1048 (H.B. 3038 ), Sec. 13, eff. June 14, 2013.
