reglab/housing_qa huggingface dataset:
TX Fin Code § 96.105 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter C. Supervisory Intervention|Section 96.105. Temporary Supervisory Order

Sec. 96.105.  TEMPORARY SUPERVISORY ORDER.  (a)  If the commissioner has reasonable cause to believe that one or more grounds for intervention under Sections 96.101-96.104 exist or are 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 savings bank from further participating in the affairs of the savings bank or another savings bank;(3)  an order requiring divestiture of control of a savings bank obtained under Subchapter L, Chapter 92; (4)  an order requiring a person who participates in the affairs of the savings bank or another savings bank to forfeit and pay an administrative penalty in an amount of not more than $25,000;  or(5)  an order placing the affairs of the savings bank under the control of a conservator designated in the order, who may take possession and control of the books, records, assets, liabilities, and business of the savings bank and manage the savings bank 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 § 96.106 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter C. Supervisory Intervention|Section 96.106. Service of Temporary Supervisory Order

Sec. 96.106.  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 savings bank receives the order.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.107 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter C. Supervisory Intervention|Section 96.107. Hearing on Temporary Supervisory Order; Final Order

Sec. 96.107.  HEARING ON TEMPORARY SUPERVISORY ORDER;  FINAL ORDER.  (a)  A temporary supervisory order issued under Section 96.105 becomes final and unappealable on the 15th day after the date on which it is issued unless before that day the savings bank 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 hearing to be held not earlier than the 10th 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.(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 or a modified form that is consistent with the facts found by the commissioner.(d)  The commissioner shall enter the final order not later than the 15th day after the date on which the hearing is completed.|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. 6.041, eff. September 1, 2007.|
TX Fin Code § 96.108 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter C. Supervisory Intervention|Section 96.108. Plan of Operation of Savings Bank After Order of Temporary Conservatorship

Sec. 96.108.  PLAN OF OPERATION OF SAVINGS BANK AFTER ORDER OF TEMPORARY CONSERVATORSHIP.  (a)  Before or during a hearing under Section 96.107 on a temporary supervisory order placing a savings bank under the control of a conservator, the board of the savings bank may present to the commissioner a plan to continue the operation of the savings bank in a manner that will correct or eliminate the grounds for the order.(b)  If the commissioner approves the plan or a modification of the plan, the commissioner shall vacate the order and place the savings bank 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 § 96.109 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter C. Supervisory Intervention|Section 96.109. Enforcement of Supervisory Order

Sec. 96.109.  ENFORCEMENT OF SUPERVISORY ORDER.  (a)  The commissioner, after giving notice, may assess against a savings bank 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 savings bank 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 § 96.110 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter C. Supervisory Intervention|Section 96.110. Stay of Supervisory Order

Sec. 96.110.  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 § 96.111 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter C. Supervisory Intervention|Section 96.111. Disclosure of Information in Supervisory Order; Confidentiality

Sec. 96.111.  DISCLOSURE OF INFORMATION IN SUPERVISORY ORDER;  CONFIDENTIALITY.  (a)  When a supervisory order is issued under this chapter, the commissioner shall report the existence of the order promptly to the finance commission but shall maintain the confidentiality of the content of the order. (b)  Except as provided by Subsection (c) or (d), information contained in a temporary or final supervisory order or a notice, correspondence, or other record relating to the order is confidential.(c)  The commissioner, for good reason as determined by the commissioner, may disclose the information described by Subsection (b) in a hearing or judicial proceeding under Section 96.107, 96.109, or 96.110 or in a proceeding to assert a defense under Section 96.403.(d)  The commissioner may disclose the information described by Subsection (b) 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.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 13, eff. September 1, 2013.|
TX Fin Code § 96.151 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.151. Placement of Savings Bank Under Conservatorship

Sec. 96.151.  PLACEMENT OF SAVINGS BANK UNDER CONSERVATORSHIP.  If the commissioner does not approve a plan to continue the operation of a savings bank under Section 96.108, the conservator shall continue to manage the affairs of the savings bank unless the temporary conservatorship order is modified or vacated:(1)  by order of the commissioner;  or(2)  as a result of judicial review.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.152 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.152. Duties of Conservator

Sec. 96.152.  DUTIES OF CONSERVATOR.  (a)  The conservator and any deputy or assistant conservator appointed by the commissioner, under the direction and supervision of the commissioner, shall:(1)  take possession and control of the books, records, property, assets, liabilities, and business of the savings bank;  and(2)  conduct the business and affairs of the savings bank.(b)  The conservator shall:(1)  remove the causes and conditions that made the conservatorship necessary;  and(2)  report to the commissioner as required by the commissioner.(c)  The conservator shall preserve, protect, and recover the assets or property of the savings bank, including a claim or cause of action that belongs to or may be asserted by the savings bank.  The conservator may deal with that property in the capacity of conservator.(d)  The conservator may file, prosecute, or defend a suit brought by or against the savings bank if the conservator considers it necessary to protect the interested party or property affected by the suit.(e)  A suit filed by the conservator under Subsection (c) must be brought in Travis County.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.153 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.153. Term of Conservator

Sec. 96.153.  TERM OF CONSERVATOR.  The conservator shall serve until the purposes of the conservatorship are accomplished.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.154 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.154. Transfer of Management of Rehabilitated Savings Bank

Sec. 96.154.  TRANSFER OF MANAGEMENT OF REHABILITATED SAVINGS BANK.  If the savings bank is rehabilitated to the satisfaction of the commissioner, the conservator shall return the management of the savings bank to the savings bank's board under terms that are reasonable and necessary to prevent a recurrence of the conditions that created the need for conservatorship.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.155 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.155. Scope of Authority of Other Persons During Conservatorship

Sec. 96.155.  SCOPE OF AUTHORITY OF OTHER PERSONS DURING CONSERVATORSHIP.  During the conservatorship, a person who participates in the affairs of the savings bank shall act according to the conservator's instructions and may exercise only the authority that the conservator expressly grants.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.156 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.156. Limiting Order During Conservatorship

Sec. 96.156.  LIMITING ORDER DURING CONSERVATORSHIP.  (a)  During a conservatorship, the commissioner by order may impose limitations on withdrawals from deposit accounts if the commissioner determines that the interests of deposit account holders and creditors of the savings bank are best protected by the limitations.(b)  An order under this section:(1)  must detail the limitations imposed;(2)  must contain a reasonably detailed statement of the facts on which the order is based;  and(3)  becomes effective when served on the conservator.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.157 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.157. Service of Limiting Order

Sec. 96.157.  SERVICE OF LIMITING ORDER.  (a)  A limiting order may be served by personal delivery by an agent of the commissioner or by certified or registered mail.(b)  Service is complete when the conservator receives the order.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.158 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.158. Effect of Limiting Order

Sec. 96.158.  EFFECT OF LIMITING ORDER.  (a)  Immediately after receiving a limiting order, the conservator shall post a copy of the order at the main entrance of the savings bank.(b)  A deposit account withdrawal that violates a limiting order may not be permitted after the conservator posts the order.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.159 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.159. Hearing on Limiting Order; Final Order

Sec. 96.159.  HEARING ON LIMITING ORDER;  FINAL ORDER.  (a)  The limiting order becomes final and unappealable on the 15th day after the date on which the order is posted as provided by Section 96.158 unless before that day at least 20 percent of the total number of deposit account holders affected by the order request a hearing before the commissioner to determine whether the order should be vacated, made permanent, or modified.(b)  The commissioner shall set the hearing to be held not earlier than the 10th 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.(c)  After the hearing, the commissioner may issue a final order that vacates the limiting order or makes the limiting order permanent in its original or a modified form 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. 6.042, eff. September 1, 2007.|
TX Fin Code § 96.160 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.160. Stay of Limiting Order

Sec. 96.160.  STAY OF LIMITING ORDER.  (a)  A limiting order may not be stayed pending a hearing unless the commissioner orders a stay.(b)  A final 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 § 96.161 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.161. Cost of Conservatorship

Sec. 96.161.  COST OF CONSERVATORSHIP.  (a)  The commissioner shall determine the cost of the conservatorship.(b)  The cost of the conservatorship shall be paid from the savings bank's assets as the commissioner directs.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.162 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter D. Conservatorship|Section 96.162. Venue

Sec. 96.162.  VENUE.  A suit filed against a savings bank or its conservator while a conservatorship order is in effect must be brought in Travis County.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.201 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter E. Voluntary Supervisory Control|Section 96.201. Placement of Savings Bank Under Voluntary Supervisory Control

Sec. 96.201.  PLACEMENT OF SAVINGS BANK UNDER VOLUNTARY SUPERVISORY CONTROL.  (a)  A savings bank's board may consent to the commissioner's placement of the savings bank under supervisory control.(b)  The commissioner may appoint the supervisor and one or more deputy supervisors.(c)  Supervisory control continues until the conditions for which the supervisory control was imposed are corrected.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.202 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter E. Voluntary Supervisory Control|Section 96.202. Powers of Supervisors

Sec. 96.202.  POWERS OF SUPERVISORS.  A supervisor or deputy supervisor has the powers of a conservator under Subchapter D  and any other power established by agreement between the commissioner and the savings bank's board of directors.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.203 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter E. Voluntary Supervisory Control|Section 96.203. Cost of Supervisory Control

Sec. 96.203.  COST OF SUPERVISORY CONTROL.  The cost of the supervisory control of a savings bank shall be set by the commissioner and paid by the savings bank.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.251 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter F. Closing|Section 96.251. Closing of Savings Bank by Board Resolution

Sec. 96.251.  CLOSING OF SAVINGS BANK BY BOARD RESOLUTION.  A savings bank's board, by resolution and with the commissioner's consent, may close the savings bank and tender to the commissioner for disposition as provided by this subchapter the assets and all the affairs of the savings bank.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.252 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter F. Closing|Section 96.252. Closing of Savings Bank by Commissioner's Order

Sec. 96.252.  CLOSING OF SAVINGS BANK BY COMMISSIONER'S ORDER.  The commissioner or the commissioner's representative may close a savings bank if the commissioner determines after an examination that:(1)  the interests of the deposit account holders and creditors of the savings bank are jeopardized because of:(A)  the savings bank's insolvency or imminent insolvency;  or(B)  a substantial dissipation of the savings bank's assets or earnings because of a violation of a law or an unsafe or unsound practice;  and(2)  it is in the best interests of the deposit account holders and creditors to close the savings bank and liquidate the savings bank's assets.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.253 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter F. Closing|Section 96.253. Effect of Closing

Sec. 96.253.  EFFECT OF CLOSING.  (a)  On closing a savings bank under this subchapter, the commissioner may:(1)  liquidate the savings bank as provided by Subchapter G;   or(2)  tender the savings bank's assets and all the savings bank's affairs to the Federal Deposit Insurance Corporation and appoint the Federal Deposit Insurance Corporation as receiver or liquidating agent to act in accordance with this chapter or federal law.(b)  The Federal Deposit Insurance Corporation, on accepting the tender and appointment prescribed by Subsection (a)(2), may:(1)  act without bond or other security as to the appointment;  and(2)  without court supervision, exercise any right, power, or privilege provided by the laws of this state to a receiver or liquidating agent, as applicable, and any applicable right, power, or privilege available under federal law.(c)  On acceptance of the appointment prescribed by Subsection (a)(2), possession of and title to all the assets, business, and property of the savings bank pass to the Federal Deposit Insurance Corporation without the execution of any instrument transferring title or right of use.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.254 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter F. Closing|Section 96.254. Hearing on Commissioner's Order

Sec. 96.254.  HEARING ON COMMISSIONER'S ORDER.  (a)  Not later than the second day, excluding legal holidays, after the date on which the commissioner closes a savings bank under Section 96.252, the savings bank, by resolution of its board, may sue in a district court of Travis County to prohibit the commissioner from taking further action under this subchapter.(b)  The court may restrain the commissioner from taking further action until a hearing on the suit is held.  If the court restrains the commissioner, the court shall instruct the commissioner to hold the assets and affairs of the savings bank in the commissioner's possession until disposition of the suit.  On receipt of this instruction, the commissioner shall refrain from taking further action, other than a necessary or proper action approved by the court to prevent loss or depreciation in the value of the assets.(c)  The court as soon as possible shall hear the suit and shall enter a judgment prohibiting or refusing to prohibit the commissioner from proceeding under this subchapter.(d)  The commissioner, regardless of the judgment entered by the court or any supersedeas bond filed, retains possession of the savings bank's assets until final disposition of any appeal of the judgment.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|