reglab/housing_qa huggingface dataset:
TX Fin Code § 96.403 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter I. Miscellaneous Provisions|Section 96.403. Enforceability of Loan Promise or Agreement Made by Savings Bank Before Conservatorship or Supervisory Control

Sec. 96.403.  ENFORCEABILITY OF LOAN PROMISE OR AGREEMENT MADE BY SAVINGS BANK BEFORE CONSERVATORSHIP OR SUPERVISORY CONTROL.  If a promise or agreement to lend money is not otherwise unenforceable under Chapter 26, Business & Commerce Code, and if the promise or agreement is made by the savings bank before the savings bank is placed under conservatorship or supervisory control, the promise or agreement or a memorandum of the promise or agreement is enforceable against the savings bank only if the promise or agreement or memorandum:(1)  is in writing and states the material terms of the loan and the loan's repayment;(2)  is signed by an authorized officer or employee of the savings bank and the person to whom the promise or agreement was made;  and(3)  is approved by the savings bank's board of directors.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.404 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter I. Miscellaneous Provisions|Section 96.404. Interest in Savings Bank Prohibited for Department

Sec. 96.404.  INTEREST IN SAVINGS BANK PROHIBITED FOR DEPARTMENT.  (a)  A savings bank or a director, officer, employee, or representative of a savings bank may not give a loan or gratuity, directly or indirectly, to the commissioner, an employee of the Department of Savings and Mortgage Lending, or a spouse of the commissioner or employee.(b)  The commissioner or an employee of the Department of Savings and Mortgage Lending may not:(1)  hold an office or position in a domestic savings bank or exercise a right to vote on a domestic savings bank matter because the person is a member of or shareholder in the savings bank;(2)  hold an interest, directly or indirectly, in a domestic savings bank; or(3)  undertake an indebtedness as a borrower, directly or indirectly, or endorser, surety, or guarantor or sell or otherwise dispose of a loan or investment to a domestic savings bank.(c)  If the commissioner or an employee of the Department of Savings and Mortgage Lending has a prohibited, direct or indirect right or interest in a domestic savings bank at the time of appointment or employment, the commissioner or employee shall dispose of the right or interest not later than the 60th day after the date of appointment or employment.(d)  If the commissioner or an employee of the Department of Savings and Mortgage Lending is indebted as a borrower, directly or indirectly, or is an endorser, surety, or guarantor on a note to a domestic savings bank at the time of appointment or employment, the commissioner or employee may continue in that capacity until that debt is paid.|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. 6.048, eff. September 1, 2007.|
TX Fin Code § 96.405 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter I. Miscellaneous Provisions|Section 96.405. Permitted Transactions for Department Relating to Savings Bank

Sec. 96.405.  PERMITTED TRANSACTIONS FOR DEPARTMENT RELATING TO SAVINGS BANK.  (a)  The commissioner or an employee of the Department of Savings and Mortgage Lending may hold a deposit account at a savings bank and receive earnings on the account.(b)  If a loan or other note of the commissioner or an employee of the Department of Savings and Mortgage Lending is acquired by a savings bank, the commissioner or employee may continue as a borrower, endorser, surety, or guarantor of the loan or note until the loan or note is paid.|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. 6.049, eff. September 1, 2007.|
TX Fin Code § 97.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter A. General Provisions Applicable to Holding Companies|Section 97.001. Rules

Sec. 97.001.  RULES.  (a)  The finance commission shall adopt rules:(1)  providing for the registration of and reporting by holding companies;(2)  setting limitations on the activities and investments of holding companies;  and(3)  concerning other matters as appropriate under this chapter.(b)  The finance commission may adopt rules governing transactions between a subsidiary savings bank of a holding company and an affiliate of the subsidiary.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 63, eff. Sept. 1, 2001.|
TX Fin Code § 97.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter A. General Provisions Applicable to Holding Companies|Section 97.002. Registration

Sec. 97.002.  REGISTRATION.  (a)  A holding company shall register with the commissioner, on a form prescribed by the commissioner, not later than the 90th day after the date the company becomes a holding company.(b)  The registration must include information, including information on related matters the commissioner determines is necessary and appropriate, regarding the holding company's and its subsidiaries':(1)  financial condition;(2)  ownership;(3)  operations;(4)  management;  and(5)  intercompany relations.(c)  The commissioner may require the registration to be under oath.(d)  On application, the commissioner may extend the time limit under Subsection (a).|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 97.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter A. General Provisions Applicable to Holding Companies|Section 97.003. Release From Registration

Sec. 97.003.  RELEASE FROM REGISTRATION.  The commissioner, on the commissioner's own motion or on application, may release a registered holding company from the registration if the commissioner determines that the company no longer controls a savings bank.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 97.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter A. General Provisions Applicable to Holding Companies|Section 97.004. Reports

Sec. 97.004.  REPORTS.  (a)  Each holding company and each subsidiary of a holding company, other than a savings bank, shall file with the commissioner reports required by the commissioner.(b)  Each report must:(1)  be made under oath;(2)  be in the form and for the period prescribed by the commissioner;  and(3)  contain information concerning the operations of the holding company and its subsidiaries as required by the commissioner.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 97.005 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter A. General Provisions Applicable to Holding Companies|Section 97.005. Books and Records

Sec. 97.005.  BOOKS AND RECORDS.  Each holding company shall maintain books and records as required by the commissioner.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 97.006 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter A. General Provisions Applicable to Holding Companies|Section 97.006. Examinations

Sec. 97.006.  EXAMINATIONS.  (a)  The commissioner may require an examination of a holding company and each subsidiary of a holding company.(b)  The holding company shall pay the cost of an examination.(c)  The confidentiality provisions of Subchapter H, Chapter 96, apply to this section.(d)  The commissioner may furnish examination and other reports to any appropriate governmental department, agency, or instrumentality of this state, another state, or the United States.(e)  For purposes of this section, the commissioner, if feasible, may use reports filed with or examinations made by appropriate federal agencies or regulatory authorities of other states.(f)  The commissioner may:(1)  examine a holding company that controls a state savings bank to the same extent as if the holding company were a state savings bank; and(2)  bring an enforcement action under Chapter 96 against a holding company described by Subdivision (1) or other person that violates or participates in a violation of this subtitle, an agreement filed with the commissioner under this chapter, or a rule adopted by the finance commission or order issued by the commissioner under this subtitle, as if the holding company were a state savings bank.(g)  The grounds, procedures, and effects of an enforcement action brought under Subsection (f) apply to a holding company, an officer, director, or employee of a holding company, or a controlling shareholder or other person participating in the affairs of a holding company in the same manner as the grounds, procedures, and effects apply to a state savings bank, an officer, director, or employee of a state savings bank, or a controlling shareholder or other person participating in the affairs of a state savings bank.(h)  A state savings bank that is controlled by a holding company that is not a Texas holding company shall be subject to all laws of this state that are applicable to state savings banks that are controlled by Texas holding companies.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2021, 87th Leg., R.S., Ch. 963 (S.B. 1900), Sec. 3, eff. September 1, 2021.|
TX Fin Code § 97.007 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter A. General Provisions Applicable to Holding Companies|Section 97.007. Agent for Service of Process

Sec. 97.007.  AGENT FOR SERVICE OF PROCESS.  The commissioner may require a holding company or a person, other than a corporation, connected with a holding company to execute and file an irrevocable appointment of agent for service of process on a form prescribed by the commissioner.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 97.051 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter B. Mutual Holding Companies|Section 97.051. Reorganization to Become Mutual Holding Company

Sec. 97.051.  REORGANIZATION TO BECOME MUTUAL HOLDING COMPANY.  (a)  Notwithstanding any other law, a savings bank may be reorganized as a mutual holding company by submitting to the commissioner an application for approval of reorganization.(b)  Before submission, an application for reorganization must be approved by a majority vote of the members or shareholders of the savings bank cast at an annual meeting or a special meeting called to consider the reorganization.|Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.21, eff. September 1, 2005.|
TX Fin Code § 97.052 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter B. Mutual Holding Companies|Section 97.052. Application for Approval of Reorganization

Sec. 97.052.  APPLICATION FOR APPROVAL OF REORGANIZATION.  The application for approval of reorganization must contain:(1)  a brief statement summarizing a reorganization plan;(2)  two copies of the proposed articles of incorporation of the subsidiary savings bank acknowledged by the incorporators of the subsidiary savings bank;(3)  two copies of the proposed bylaws of the savings bank;(4)  a statement that the plan of reorganization was advised, authorized, and approved by the savings bank in the manner and by the vote required by its charter and the laws of this state; and(5)  a statement of the manner of approval.|Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.21, eff. September 1, 2005.|
TX Fin Code § 97.053 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 97 - Holding Companies|Subchapter B. Mutual Holding Companies|Section 97.053. Plan of Reorganization

Sec. 97.053.  PLAN OF REORGANIZATION.  (a)  The plan of reorganization must provide that:(1)  a subsidiary savings bank shall:(A)  be incorporated under Subchapter B, Chapter 92; or(B)  on prior approval of the commissioner, be incorporated under Subchapter C, Chapter 92;(2)  the savings bank shall transfer a substantial part of its assets to the subsidiary savings bank, and the subsidiary savings bank shall assume a substantial part of the savings bank's liabilities, including all depository liabilities;(3)  as a result of the reorganization, the mutual holding company must hold more than 50 percent of the stock of the subsidiary savings bank; and(4)  after transfer and assumption, persons with prior corresponding rights as depositors or creditors against a savings bank have the same rights with respect to the mutual holding company and the subsidiary savings bank.(b)  The plan of reorganization must set forth the necessary corporate steps for the savings bank to reorganize into a mutual holding company, including:(1)  all required charter amendments; and(2)  a description of the corporate management of the reorganized mutual holding company.(c)  The plan of reorganization may contain any other provision not inconsistent with law or finance commission rules.|Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.21, eff. September 1, 2005.|
TX Fin Code § 98.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter A. General Provisions|Section 98.001. Limitation on Right to Do Business as Savings Bank

Sec. 98.001.  LIMITATION ON RIGHT TO DO BUSINESS AS SAVINGS BANK.  (a)  A person may not do business as a savings bank in this state or maintain an office in this state for the purpose of doing business in this state unless the person is a:(1)  domestic savings bank;(2)  federal savings bank;  or(3)  foreign savings bank that holds a certificate of authority issued under Subchapter I, Chapter 92, or Section 61, Chapter 61, General Laws, Acts of the 41st Legislature, 2nd Called Session, 1929 (Article 881a-60, Vernon's Texas Civil Statutes).(b)  Subsection (a) does not prohibit activity that is not considered to be transacting business in this state under Section B, Article 8.01, Texas Business Corporation Act.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter A. General Provisions|Section 98.002. Application of Law and Rules

Sec. 98.002.  APPLICATION OF LAW AND RULES.  This subtitle  and each rule adopted under this subtitle apply to the operations in this state of a foreign savings bank and may be enforced by the commissioner.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter A. General Provisions|Section 98.003. Contracts Construed Under Law of This State

Sec. 98.003.  CONTRACTS CONSTRUED UNDER LAW OF THIS STATE.  A contract between a foreign savings bank and a resident of this state is governed by the laws of this state.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter A. General Provisions|Section 98.004. Federal Savings Bank

Sec. 98.004.  FEDERAL SAVINGS BANK.  A federal savings bank is not a foreign corporation or foreign savings bank for purposes of this subtitle.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.005 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter A. General Provisions|Section 98.005. Authorization to Retain Offices

Sec. 98.005.  AUTHORIZATION TO RETAIN OFFICES.  A federal savings bank that has been merged, consolidated, or converted into a domestic or foreign savings bank or association is entitled to retain any authorized office under the terms provided for a foreign savings bank under Subchapter I, Chapter 92.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.35(a), eff. Sept. 1, 1999.|
TX Fin Code § 98.101 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter B. Powers of Foreign Savings Bank; Eligibility of Accounts for Investment|Section 98.101. Powers of Foreign Savings Bank; Eligibility of Accounts for Investment

Sec. 98.101.  POWERS OF FOREIGN SAVINGS BANK;  ELIGIBILITY OF ACCOUNTS FOR INVESTMENT.  (a)  A foreign savings bank operating under a certificate of authority issued under Subchapter I, Chapter 92, has the rights and privileges of a savings bank created under this subtitle.  The savings bank's deposit accounts are eligible for investment to the same extent as those of a domestic savings bank.(b)  A foreign savings bank may not be considered a savings bank organized under the laws of this state.(c)  A foreign savings bank operating in this state under this chapter may not exercise a power, perform a function, or offer a service that a domestic savings bank may not exercise, perform, or offer.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.201 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter C. Certificate of Authority|Section 98.201. Renewal of Certificate

Sec. 98.201.  RENEWAL OF CERTIFICATE.  A foreign savings bank may renew a certificate of authority issued under Subchapter I, Chapter 92, by paying a renewal fee in January of each year.  The finance commission by resolution shall set the fee annually.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.202 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter C. Certificate of Authority|Section 98.202. Revocation of Certificate

Sec. 98.202.  REVOCATION OF CERTIFICATE.  (a)  The commissioner may revoke a foreign savings bank's certificate of authority on the failure or refusal of the savings bank to comply with a final order of the commissioner.(b)  On revocation under Subsection (a), an agent of the savings bank may not transact business in this state except to:(1)  receive a payment to apply to an active loan contract;  or(2)  pay a withdrawal request.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.301 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter D. Examination and Regulation|Section 98.301. Frequency of Examination

Sec. 98.301.  FREQUENCY OF EXAMINATION.  A foreign savings bank holding a certificate of authority issued under Subchapter I, Chapter 92, may be examined not more than once each year.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.302 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter D. Examination and Regulation|Section 98.302. Examination Charges

Sec. 98.302.  EXAMINATION CHARGES.  A foreign savings bank holding a certificate of authority issued under Subchapter I, Chapter 92, shall pay:(1)  an examination fee in the amount set for a domestic savings bank under Section 91.007;(2)  all travel expenses of the examination;  and(3)  the amount of the examination expense that exceeds the amount of the examination fee, if any.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.303 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter D. Examination and Regulation|Section 98.303. Agreement With Regulatory Authority of Other State

Sec. 98.303.  AGREEMENT WITH REGULATORY AUTHORITY OF OTHER STATE.  (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.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 98.304 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 98 - Foreign Financial Institutions|Subchapter D. Examination and Regulation|Section 98.304. Commissioner's Authority to Issue Orders

Sec. 98.304.  COMMISSIONER'S AUTHORITY TO ISSUE ORDERS.  The commissioner may issue an order against a foreign savings bank holding a certificate of authority in the same manner provided by Chapter 96 for issuance of an order against a domestic savings bank.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 119.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 119 - Miscellaneous Provisions Applicable to Savings Banks|Subchapter A. General Miscellaneous Provisions|Section 119.001. Applicability of Chapter 4, Business & Commerce Code

Sec. 119.001.  APPLICABILITY OF CHAPTER 4, BUSINESS & COMMERCE CODE.  Chapter 4, Business & Commerce Code, applies to a savings bank with respect to an item paid, collected, settled, negotiated, or otherwise handled by the savings bank for a customer.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 119.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 119 - Miscellaneous Provisions Applicable to Savings Banks|Subchapter A. General Miscellaneous Provisions|Section 119.002. Applicability of Savings and Loan Laws to Savings Banks

Sec. 119.002.  APPLICABILITY OF SAVINGS AND LOAN LAWS TO SAVINGS BANKS.  (a)  Except as provided by Subsection (b), a statute of this state or a rule adopted under the statute that applies to or exempts a corporation or other organization incorporated or organized under Subtitle B  or an association as defined by Section 61.002 also applies to or exempts a savings bank.(b)  Subsection (a) does not apply to Chapters 11-13, this subtitle, Subtitle A, Subtitle B, or the Penal Code.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|