Texas Finance Code

§ 66.002 — ADOPTION OF RULES

FI § 66.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 66. ENFORCEMENT AND REGULATION · Art. A. GENERAL PROVISIONS

Statute text

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The finance commission may adopt rules relating to:

(1)the minimum amounts of capital stock and paid-in surplus required for incorporation as a capital stock association;

(2)the minimum amounts of savings liability and expense funds required for incorporation as a mutual association;

(3)the fees and procedures for processing, hearing, and deciding applications filed with the commissioner or the Department of Savings and Mortgage Lending under this subtitle;

(4)the books and records that an association is required to keep and the location at which the books and records are required to be maintained;

(5)the accounting principles and practices that an association is required to observe;

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.030, eff. September 1, 2007.