Texas Finance Code 62.561 – Criminal Penalty
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(a) A person commits an offense if the person intentionally makes a materially false or misleading statement to the commissioner with respect to the information required by this subchapter.
(b) An offense under this section is a misdemeanor punishable by:
(1) a fine in an amount not to exceed $2,000;
(2) confinement in county jail for a period not to exceed one year; or
(3) both the fine and confinement.
Terms Used In Texas Finance Code 62.561
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
