Texas Finance Code

§ 185.201 — INVESTIGATION OF UNAUTHORIZED TRUST ACTIVITY

FI § 185.201Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 185. ENFORCEMENT ACTIONS · Art. C. UNAUTHORIZED TRUST ACTIVITY: INVESTIGATION AND ENFORCEMENT

Statute text

View on source

(a)If the banking commissioner has reason to believe that a person has engaged, is engaging, or is likely to engage in an unauthorized trust activity, the banking commissioner may:

(1)investigate as necessary within or outside this state to:

(A)determine whether the unauthorized trust activity has occurred or is likely to occur; or

(B)aid in the enforcement of the laws administered by the banking commissioner;

(2)initiate appropriate disciplinary action as provided by this subchapter; and

(3)report any unauthorized trust activity to a law enforcement agency or another regulatory agency with appropriate jurisdiction.

…

Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.