Texas Finance Code

§ 35.202 — INVESTIGATION OF UNAUTHORIZED ACTIVITY

FI § 35.202Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 35. ENFORCEMENT ACTIONS · Art. C. UNAUTHORIZED ACTIVITY: INVESTIGATION AND ENFORCEMENT

Statute text

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

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

(A)determine whether the unauthorized 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 unauthorized activity to a law enforcement agency or another regulatory agency with appropriate jurisdiction.

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Legislative history

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