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2021 Texas Statutes
Occupations Code
Title 11 - Regulation of Sales and Solicitation
Chapter 1802 - Auctioneers
Subchapter E. Complaint Procedures
Section 1802.206. Payment Limits
Universal Citation:
TX Occ Code § 1802.206 (2021)
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Sec. 1802.206. PAYMENT LIMITS. (a) The executive director may not pay a single aggrieved party more than $15,000.
(b) The total payment of all claims by more than one aggrieved party arising from one auction at one location, regardless of the length of the auction, may not exceed $30,000.
(c) The total payment of claims against a single auctioneer may not exceed $30,000.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 816, Sec. 26.053, eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 1276, Sec. 14A.371, eff. Sept. 1, 2003.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 1048 (H.B. 3038), Sec. 13, eff. June 14, 2013.
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