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Hi and welcome to JA. I am Ray and will be the expert helping you today.
TREC here can suspend your license and turn this to the AGs office for collection if you do not pay.You can contact them about a repayment plan and see if you can pay it out over time. It is in your interest to try and resolve it if you want to keep your realtor license here.
You can do t his informally by contacting them TREC directly.
See informal proceedings, staff mediation here.
Ask for the enforcement section of General Counsels Office here..
I appreciate the chance to help you today..Please let me know if you have more follow up.Thanks again.
You might want to consider a local lawyer to help with this, it is a specialized area, a possibility with more information.
And you can try to resolve this yourself, good luck to you here and thanks again.