§ 501.503 Criminal Penalty
§ 501.505 Option to Order Refund

Terms Used In Texas Occupations Code Chapter 501 > Subchapter K - Other Penalties and Enforcement Provisions

  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • 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
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.