reglab/housing_qa huggingface dataset:
TX Fin Code § 65.103 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 65.103. Joint Tenancy Account Held by Husband and Wife

Sec. 65.103.  JOINT TENANCY ACCOUNT HELD BY HUSBAND AND WIFE.  (a)  A husband and wife may enter into a savings contract that creates a joint tenancy with right of survivorship with respect to community property deposited in a savings account and any future additions or dividends made or credited to the account.(b)  An agreement under Subsection (a) must be in writing and subscribed to by the husband and wife but is not required to be acknowledged.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.104 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 65.104. Pledge of Joint Account

Sec. 65.104.  PLEDGE OF JOINT ACCOUNT.  (a)  Unless the terms of the savings account provide otherwise, a person on whose signature money may be withdrawn from an account in the names of two or more persons may, by a signed pledge, pledge and transfer to the association or federal association all or part of the account.(b)  A pledge made under Subsection (a) does not sever or terminate the joint and survivorship ownership of the account.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.105 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 65.105. Account Held by Fiduciary

Sec. 65.105.  ACCOUNT HELD BY FIDUCIARY.  (a)  An association or a federal savings and loan association doing business in this state may accept a savings account in the name of a fiduciary, including an administrator, executor, custodian, guardian, or trustee, for one or more named beneficiaries.(b)  A fiduciary may:(1)  vote as a member as if the membership were held absolutely;  and(2)  open, add to, or withdraw money from the account.(c)  Except as otherwise provided by law, a payment to a fiduciary or an acquittance signed by the fiduciary to whom a payment is made is a discharge of the association for the payment.(d)  After a person holding a savings account in a fiduciary capacity dies, the association may pay or deliver to the beneficiary the withdrawal value of the account, plus dividends on the account, or other rights relating to the account, in whole or in part, if the association has no written notice or order of the probate court of:(1)  the revocation or termination of the fiduciary relationship;  or(2)  any other disposition of the beneficial estate.(e)  An association has no further liability for a payment made or right delivered under Subsection (d).|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.106 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 65.106. Trust Account; Undisclosed Trust Instrument

Sec. 65.106.  TRUST ACCOUNT;  UNDISCLOSED TRUST INSTRUMENT.  (a)  If an association opens a savings account for a person claiming to be the trustee for another and the association has no other written notice of the existence or terms of a trust:(1)  the person claiming to be the trustee may, on the person's signature, withdraw money from the account;  and(2)  if that person dies, an association may pay the withdrawal value of all or part of the account, plus dividends on the account, to the person for whom the account was opened.(b)  An association has no further liability for a payment made under Subsection (a).|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.107 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 65.107. Power of Attorney Account

Sec. 65.107.  POWER OF ATTORNEY ACCOUNT.  (a)  An association or a federal association doing business in this state may continue to recognize the authority of an attorney-in-fact authorized in writing to manage or withdraw money from a savings account of a member until the association receives written or actual notice of the revocation of that authority.(b)  For purposes of this section, written notice of the death or adjudication of incompetency of a member is considered to be written notice of revocation of the authority of the member's attorney-in-fact.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter A. General Provisions|Section 66.001. General Duties

Sec. 66.001.  GENERAL DUTIES.  The Department of Savings and Mortgage Lending and the commissioner shall regulate associations and subsidiaries of associations operating under this subtitle.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.029, eff. September 1, 2007.|
TX Fin Code § 66.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter A. General Provisions|Section 66.002. Adoption of Rules

Sec. 66.002.  ADOPTION OF RULES.  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;(6)  the conditions under which records may be copied or reproduced for permanent storage before the original records are destroyed;(7)  the form, contents, and time of publication of statements of condition;(8)  the form and contents of annual reports and other reports that an association is required to prepare and publish or file;(9)  the manner in which assets, liabilities, and transactions in general are to be described when entered in the books of an association, so that the entry accurately describes the subject matter of the entry; and(10)  the conditions under which the commissioner may require an asset to be charged off or reserves established by transfer from surplus or paid-in capital because of the depreciation of or overstated value of the asset.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 31, eff. Sept. 1, 2001.Amended by: Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.030, eff. September 1, 2007.|
TX Fin Code § 66.051 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter B. Examinations|Section 66.051. Examinations

Sec. 66.051.  EXAMINATIONS.  (a)  The commissioner shall periodically examine the affairs of each association, including the subsidiaries and transactions of the association and the dealings of any savings and loan holding company that are related to the savings and loan subsidiaries of the association.(b)  An examination must include an audit if an independent audit is not available or is unsatisfactory to the commissioner.(c)  On completion of an audit, the auditor shall sign and certify the audit report.  A copy shall be filed promptly with the commissioner.(d)  An examination under this section may be made in conjunction with an examination by the Federal Home Loan Bank Board, a Federal Home Loan Bank, or the Federal Deposit Insurance Corporation.  The commissioner shall accept an audit made by or accepted by one of those agencies in an examination of an association.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.052 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter B. Examinations|Section 66.052. Additional Examinations

Sec. 66.052.  ADDITIONAL EXAMINATIONS.  (a)  The commissioner at the association's cost shall conduct an additional examination or audit or devote extraordinary attention to an association's affairs if the commissioner determines that the condition of the association makes it necessary or expedient to do so.(b)  A copy of the report of an examination or audit conducted under this section shall be furnished promptly to the association.  The report shall be:(1)  presented to the board of the association at its next regular meeting or at a special meeting called for purposes of permitting the presentation of the report;  and(2)  noted in the minutes of the meeting.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.053 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter B. Examinations|Section 66.053. Access to Books and Records

Sec. 66.053.  ACCESS TO BOOKS AND RECORDS.  The commissioner, a deputy commissioner, or an examiner or auditor of the commissioner shall be given free access to:(1)  the books and records of an association;(2)  the books and records of a subsidiary or savings and loan holding company of an association relating to the association's business;  and(3)  the books and records kept by an officer, agent, or employee of the association, subsidiary, or savings and loan holding company relating to the association's business.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.054 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter B. Examinations|Section 66.054. Subpoena; Administration of Oath or Affirmation

Sec. 66.054.  SUBPOENA;  ADMINISTRATION OF OATH OR AFFIRMATION.  (a)  In an examination conducted under this subchapter, the commissioner, the deputy commissioner, or an examiner or auditor of the commissioner may:(1)  subpoena witnesses;(2)  administer an oath or affirmation to a person, including a director, officer, agent, or employee of an association;  or(3)  require and compel by subpoena the production of documents, including records, books, papers, and contracts.(b)  The commissioner may apply to a district court in Travis County for an order requiring a person to obey a subpoena or to appear or answer questions in connection with an examination.(c)  The court shall issue an order under Subsection (b) if the court finds good cause to issue the subpoena or to take testimony.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.101 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.101. Intervention for Violations and Unsafe and Unsound Practices

Sec. 66.101.  INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES.  The commissioner may intervene in the affairs of an association if the association or a person who participates in the affairs of the association or a subsidiary of the association:(1)  engages in or is about to engage in an unsafe and unsound practice in conducting the affairs of the association;  or(2)  violates or is about to violate:(A)  the articles of incorporation or bylaws of the association;(B)  a law or supervisory order applicable to the association;  or(C)  a condition that the commissioner or the finance commission has imposed on the association by written order or agreement.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.102 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.102. Intervention for Filing Inappropriate Information

Sec. 66.102.  INTERVENTION FOR FILING INAPPROPRIATE INFORMATION.  The commissioner may intervene in the affairs of an association if the association or a person who participates in the affairs of the association or a subsidiary of the association files materially false or misleading information in a filing required by Subchapter L, Chapter 62.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.103 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.103. Intervention for Activity Resulting in Actual or Potential Loss

Sec. 66.103.  INTERVENTION FOR ACTIVITY RESULTING IN ACTUAL OR POTENTIAL LOSS.  (a)  The commissioner may intervene in the affairs of an association if a person who participates in the affairs of the association or a subsidiary or savings and loan holding company of the association commits or is about to commit:(1)  a fraudulent or criminal act in conducting the affairs that may cause the association or a subsidiary of the association to become or be in danger of becoming insolvent;(2)  an act that threatens immediate or irreparable harm to the public or the association, a subsidiary of the association, or the account holders or creditors of the association;  or(3)  a breach of fiduciary duty that results in actual or probable substantial financial losses or other damages to the association or a subsidiary of the association or that would seriously prejudice the interest of savings account holders or holders of other security issued by the association.(b)  The commissioner may intervene in the affairs of an association if the association:(1)  is insolvent;(2)  is in imminent danger of insolvency;  or(3)  makes or is about to make:(A)  a loan the value of the security for which is materially overstated;  or(B)  an investment the market value of which is materially overstated.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.104 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.104. Intervention Relating to Examination of Affairs

Sec. 66.104.  INTERVENTION RELATING TO EXAMINATION OF AFFAIRS.  (a)  The commissioner may intervene in the affairs of an association if a person who participates in the affairs of the association or a subsidiary or savings and loan holding company of the association:(1)  refuses or is about to refuse to submit to interrogation under oath by the commissioner or the commissioner's agent with respect to the association's affairs;  or(2)  materially alters, conceals, removes, or falsifies or is about to materially alter, conceal, remove, or falsify a book or record of the association or a subsidiary of the association.(b)  The commissioner may intervene in the affairs of an association if the association:(1)  fails to maintain books and records from which the true financial condition of the association or the state of the association's affairs can be determined;  or(2)  refuses to direct a person having possession of the books, papers, records, or accounts of the association or the association's subsidiary to permit the commissioner or the commissioner's authorized representative to inspect or examine those documents or accounts.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.105 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.105. Temporary Supervisory Order

Sec. 66.105.  TEMPORARY SUPERVISORY ORDER.  (a)  If the commissioner has reasonable cause to believe that one or more of the grounds for intervention under Section 66.101 exists or is imminent, the commissioner may issue without notice and hearing one or more of the following types of temporary supervisory orders to correct and eliminate the grounds for supervisory action:(1)  an order to cease and desist from continuing a particular action, an order to take affirmative action, or both;(2)  an order suspending or prohibiting a person who participates in the affairs of the association from further participating in the affairs of the association or of another association;(3)  an order requiring divestiture of control of an association obtained under Subchapter L, Chapter 62;   or(4)  an order placing the affairs of the association under the control of a conservator designated in the order, who may take possession and control of the books, records, property, assets, liabilities, and business of the association and manage the association under the direction of the commissioner.(b)  An order under this section:(1)  must contain a reasonably detailed statement of the facts on which the order is based;  and(2)  takes effect when issued.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.106 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.106. Service of Temporary Supervisory Order

Sec. 66.106.  SERVICE OF TEMPORARY SUPERVISORY ORDER.  (a)  A temporary supervisory order may be served by personal delivery by an agent of the commissioner or by certified or registered mail.(b)  Service is complete when an officer or director of the association receives the order.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.107 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.107. Hearing on Temporary Supervisory Order; Final Order

Sec. 66.107.  HEARING ON TEMPORARY SUPERVISORY ORDER;  FINAL ORDER.  (a)  A temporary supervisory order issued under Section 66.105 becomes final and unappealable on the 16th day after the date on which the order is issued unless before that day the association or a person affected by the order requests a hearing before the commissioner to determine whether the order should be vacated, made permanent, or modified.(b)  The commissioner shall set the matter for hearing to be held not earlier than the 11th day or later than the 30th day after the date of the request.  The hearing must be held at the offices of the Department of Savings and Mortgage Lending in Austin.(c)  After the hearing, the commissioner may enter a final order that vacates the temporary order or makes the temporary order permanent in its original form or a modified form that is consistent with the facts found by the commissioner.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.031, eff. September 1, 2007.|
TX Fin Code § 66.108 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.108. Plan of Operation of Association After Order of Temporary Conservatorship

Sec. 66.108.  PLAN OF OPERATION OF ASSOCIATION AFTER ORDER OF TEMPORARY CONSERVATORSHIP.  (a)  Before or during a hearing under Section 66.107 on a temporary supervisory order placing an association under the control of a conservator, the board of the association may present to the commissioner a plan to continue the operation of the association in a manner that will correct or eliminate the grounds on which the order is based.(b)  If the commissioner approves the plan or a modification of the plan, the commissioner shall vacate the order placing the association under conservatorship, conditioned on the implementation and diligent prosecution of the plan.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.109 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.109. Enforcement of Supervisory Order

Sec. 66.109.  ENFORCEMENT OF SUPERVISORY ORDER.  (a)  The commissioner, after giving notice, may assess against an association or another person designated in a final supervisory order who violates the order, or both, an administrative penalty of not more than $1,000 each for each day of the violation.  The association may not reimburse or indemnify a person for any part of the penalty.(b)  In addition to any other remedy provided by law, the commissioner may institute in a district court in Travis County:(1)  a suit for injunctive relief to stop or prevent a violation of a supervisory order;  or(2)  a suit for injunctive relief and to collect the administrative penalty.(c)  A bond is not required of the commissioner with respect to injunctive relief granted under this section.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.110 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.110. Stay of Supervisory Order

Sec. 66.110.  STAY OF SUPERVISORY ORDER.  (a)  A temporary supervisory order may not be stayed pending a hearing unless the commissioner orders a stay.(b)  A final supervisory order may not be stayed pending judicial review unless the reviewing court orders a stay for good cause.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 66.111 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 66 - Enforcement and Regulation|Subchapter C. Supervisory Intervention|Section 66.111. Disclosure of Information in Supervisory Order; Confidentiality

Sec. 66.111.  DISCLOSURE OF INFORMATION IN SUPERVISORY ORDER;  CONFIDENTIALITY.  (a)  Except as provided by Subsection (b) or (c), information contained in a temporary or final supervisory order or a notice, correspondence, or other record relating to the order is confidential.(b)  The commissioner, for good reason as determined by the commissioner, may disclose the information described by Subsection (a) in a hearing or judicial proceeding under Section 66.107, 66.109, or 66.110 or in a proceeding to assert a defense under Section 66.403.(c)  The commissioner may disclose the information described by Subsection (a) to a department, agency, or instrumentality of this or another state or the United States if the commissioner determines that disclosure is necessary or proper to enforce the laws of this or another state or the United States.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|