- (a) After the expiration of 10 years from date of issuance, a person who is subject to a prohibition or removal order issued under this subchapter, regardless of the order's stated duration or date of issuance, may apply to the banking commissioner to be released from the order.
- (b) The application must be made under oath and in the form required by the banking commissioner. The application must be accompanied by any required fees.
- (c) The banking commissioner, in the exercise of discretion, may approve or deny an application filed under this section.
- (d) The banking commissioner's decision under Subsection (c) is final and not appealable.
Added by Acts 2011, 82nd Leg., R.S., Ch. 183 (S.B. 1165), Sec. 4, eff. May 28, 2011.