Sec. 76.704. OFFENSE. (a) A person commits an offense if the person:
(1) wilfully fails to file a report required by this chapter;
(2) refuses to permit examination of records in accordance with this chapter;
(3) makes a deduction from or a service charge against a dormant account or dormant deposit of funds; or
(4) violates any other provision of this chapter.
(b) An offense under this section is punishable by:
(1) a fine of not less than $500 or more than $1,000;
(2) confinement in jail for a term not to exceed six months; or
(3) both the fine and confinement.
(c) In addition to a criminal penalty, a person who commits an offense under Subsection (a) is subject to a civil penalty not to exceed $100 for each day of the violation. The attorney for the holder shall collect the civil penalty by bringing suit in a district court of the county in which the holder is located.
Added by Acts 1997, 75th Leg., ch. 1037, Sec. 38, eff. Sept. 1, 1997.
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