Texas Finance Code
§ 11.102 — QUALIFICATIONS OF MEMBERS
FI § 11.102Title 2. FINANCIAL REGULATORY AGENCIES · Ch. 11. FINANCE COMMISSION OF TEXAS · Art. B. COMPOSITION AND OPERATION
Statute text
View on source(a)A member of the finance commission must be a registered voter of this state. Not more than two members may be residents of the same state senatorial district.
(b)Two members of the finance commission must be banking executives, one member of the finance commission must be a savings executive, one member of the finance commission must be a consumer credit executive, and one member of the finance commission must be a residential mortgage loan originator licensed under Chapter 156 or 157.
(c)Six members of the finance commission must be representatives of the general public. At least one of those members must be a certified public accountant.
(d)A person may not be a public member of the finance commission if the person or the person's spouse:
(1)is registered, certified, or licensed by a regulatory agency in an industry regulated by a finance agency;
(2)is employed by or participates in the management of a business entity or other organization regulated by or receiving money from a finance agency;
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Legislative history
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.004, eff. September 1, 2007. Acts 2011, 82nd Leg., R.S., Ch. 645 (S.B. 1008), Sec. 1, eff. June 17, 2011. Acts 2011, 82nd Leg., R.S., Ch. 645 (S.B. 1008), Sec. 2, eff. June 17, 2011. Acts 2011, 82nd Leg., R.S., Ch. 881 (S.B. 249), Sec. 2, eff. June 17, 2011.