Texas Finance Code

§ 96.002 — ADOPTION OF RULES

FI § 96.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 96. SUPERVISION AND REGULATION · Art. A. GENERAL PROVISIONS

Statute text

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(a)The finance commission may adopt rules necessary to supervise and regulate savings banks and to protect public investment in savings banks, including rules relating to:

(1)the minimum amounts of capital required to incorporate and operate as a savings bank, which may not be less than the amounts required of corresponding national banks;

(2)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;

(3)the books and records that a savings bank is required to keep and the location at which the books and records are required to be maintained;

(4)the accounting principles and practices that a savings bank is required to observe;

(5)the conditions under which records may be copied or reproduced for permanent storage before the originals are destroyed;

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.040, eff. September 1, 2007. Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 11, eff. September 1, 2013.