Texas Finance Code

§ 15.4022 — RULES RELATING TO COMPETITIVE BIDDING AND ADVERTISING

FI § 15.4022Title 2. FINANCIAL REGULATORY AGENCIES · Ch. 15. CREDIT UNION COMMISSION AND DEPARTMENT · Art. E. POWERS AND DUTIES OF COMMISSION AND COMMISSIONER

Statute text

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(a)The commission may not adopt rules restricting competitive bidding or advertising by a credit union except to prohibit false, misleading, or deceptive practices.

(b)In its rules to prohibit false, misleading, or deceptive practices, the commission may not include a rule that:

(1)restricts the use of any medium for advertising;

(2)relates to the size or duration of an advertisement by the credit union; or

(3)restricts the credit union's advertisement under a trade name.

Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.10(a), eff. Sept. 1, 1999.