Texas Finance Code

§ 31.108 — CALL REPORT; PENALTY

FI § 31.108Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 31. GENERAL PROVISIONS · Art. B. REGULATION OF BANKING BY BANKING COMMISSIONER

Statute text

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(a)A state bank shall file with the banking commissioner a copy of its call report stating the bank's financial condition and results of operation.

(b)The finance commission by rule may:

(1)require call reports to be filed with the banking commissioner at the intervals the commission determines;

(2)specify the form of a call report, including the confidential and public information to be in the call report; and

(3)require public information in call reports of state banks to be published at the times and in the publications and locations the commission determines.

(c)A state bank that fails to timely file its call report as required by this section is subject to a penalty not exceeding $500 a day to be collected by suit by the attorney general on behalf of the banking commissioner.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.