Texas Finance Code

§ 98.303 — AGREEMENT WITH REGULATORY AUTHORITY OF OTHER STATE

FI § 98.303Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 98. FOREIGN FINANCIAL INSTITUTIONS · Art. D. EXAMINATION AND REGULATION

Statute text

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(a)The commissioner, in exercising the supervisory and regulatory authority granted under Chapter 96, may enter into a cooperative agreement with a regulatory authority of another state to facilitate the regulation of foreign savings banks doing business in this state.

(b)The commissioner may accept a report of an examination and other records from the regulatory authority of the other state instead of conducting an examination outside this state.

Legislative history

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