reglab/housing_qa huggingface dataset:
TX Fin Code § 187.302 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 187 - Multistate Trust Business|Subchapter D. Supervision of Out-of-State Trust Company|Section 187.302. Examinations; Periodic Reports

Sec. 187.302.  EXAMINATIONS;  PERIODIC REPORTS.  (a)  To the extent consistent with Section 187.301, the banking commissioner may make examinations of a trust office or trust representative office established and maintained in this state by an out-of-state trust company pursuant to this chapter as the banking commissioner considers necessary to determine whether the office is being operated in compliance with the laws of this state and in accordance with safe and sound fiduciary practices.  Sections 181.104-181.106 apply to the examinations.(b)  The finance commission may by rule prescribe requirements for periodic reports regarding a trust office or trust representative office in this state.  The required reports must be provided by the trust institution maintaining the office.  Reporting requirements under this subsection must be appropriate for the purpose of enabling the banking commissioner to discharge the responsibilities of the banking commissioner under this chapter.|Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.|
TX Fin Code § 187.303 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 187 - Multistate Trust Business|Subchapter D. Supervision of Out-of-State Trust Company|Section 187.303. Interpretive Statements and Opinions

Sec. 187.303.  INTERPRETIVE STATEMENTS AND OPINIONS.  (a)  Subject to Subsection (b), to encourage the effective coordination and implementation of home state laws and host state laws with respect to interstate trust business, the banking commissioner, directly or through a deputy banking commissioner or department attorney in the manner provided by Sections 181.101 and 181.102, and with the effect provided by Section 181.103, may issue:(1)  an interpretive statement for the general guidance of trust institutions in this state and the public;  or(2)  an opinion interpreting or determining the applicability of the laws of this state to the trust business and the operation of a branch, trust office, or another office in this state of an out-of-state trust institution, or in other states by state trust companies.(b)  With respect to the trust business of a credit union, savings association, or savings bank, the duties and responsibilities of the banking commissioner under Subsection (a) shall be performed by:(1)  the Texas credit union commissioner, with respect to a credit union; or(2)  the Texas savings and mortgage lending commissioner, with respect to a savings association or savings bank.|Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.  Amended by Acts 2001, 77th Leg., ch. 412, Sec. 3.14, eff. Sept. 1, 2001.Amended by: Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.057, eff. September 1, 2007.|
TX Fin Code § 187.304 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 187 - Multistate Trust Business|Subchapter D. Supervision of Out-of-State Trust Company|Section 187.304. Confidential Information

Sec. 187.304.  CONFIDENTIAL INFORMATION.  Information obtained directly or indirectly by the banking commissioner relative to the financial condition or business affairs of a trust institution, other than the public portions of a report of condition or income statement, or a present, former, or prospective shareholder, participant, officer, director, manager, affiliate, or service provider of the trust institution, whether obtained through application, examination, or otherwise, and each related file or record of the department is confidential and may not be disclosed by the banking commissioner or an employee of the department except as expressly provided by Subchapter D, Chapter 181.|Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.|
TX Fin Code § 187.305 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 187 - Multistate Trust Business|Subchapter D. Supervision of Out-of-State Trust Company|Section 187.305. Enforcement; Appeals

Sec. 187.305.  ENFORCEMENT;  APPEALS.  (a)  If the banking commissioner determines that an out-of-state trust company has violated this subtitle or other applicable law of this state, the banking commissioner may take all enforcement actions the banking commissioner would be empowered to take if the out-of-state trust company were a state trust company, except that the banking commissioner shall promptly give notice to the home state regulator of each enforcement action to be taken against an out-of-state trust company and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving the enforcement action.  An out-of-state trust company may appeal a final order or other decision of the banking commissioner under this subtitle as provided by Sections 181.202 and 181.204.(b)  Notwithstanding Subsection (a), the banking commissioner may enforce this subtitle against a trust institution by appropriate action in the courts, including an action for injunctive relief, if the banking commissioner concludes the action is necessary or desirable.|Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.Amended by: Acts 2019, 86th Leg., R.S., Ch. 20 (S.B. 614), Sec. 29, eff. September 1, 2019.|
TX Fin Code § 187.306 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 187 - Multistate Trust Business|Subchapter D. Supervision of Out-of-State Trust Company|Section 187.306. Notice of Subsequent Event

Sec. 187.306.  NOTICE OF SUBSEQUENT EVENT.  Each out-of-state trust company that has established and maintains an office in this state pursuant to this subtitle shall give written notice, at least 30 days before the effective date of the event, or, in the case of an emergency transaction, a shorter period before the effective date consistent with applicable state or federal law, to the banking commissioner of:(1)  a merger or other transaction that would cause a change of control with respect to the trust company, with the result that an application would be required to be filed with the home state regulator or a federal supervisory agency;(2)  a transfer of all or substantially all of the trust accounts or trust assets of the out-of-state trust company to another person;  or(3)  the closing or disposition of an office in this state.|Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.|
TX Fin Code § 201.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 201 - General Provisions|Subchapter A. General Provisions|Section 201.001. Scope of Subtitle

Sec. 201.001.  SCOPE OF SUBTITLE.  (a)  This subtitle:(1)  sets forth the conditions under which a company may acquire a Texas bank or a Texas bank holding company, pursuant to the provisions of Chapter 202;(2)  permits interstate branching under the Interstate Banking and Branching Efficiency Act pursuant to the provisions of Chapter 203;  and(3)  provides for state regulation of the participation by foreign banks in the financial markets of this state, pursuant to the provisions of Chapter 204.(b)  This subtitle is not intended to discriminate against out-of-state banks and bank holding companies in a manner that would violate the Interstate Banking and Branching Efficiency Act.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 201.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 201 - General Provisions|Subchapter A. General Provisions|Section 201.003. Rules

Sec. 201.003.  RULES.  (a)  The finance commission may adopt rules to accomplish the purposes of this subtitle, including rules necessary or reasonable to:(1)  implement and clarify this subtitle in a manner consistent with and to the extent permitted by applicable federal law;(2)  preserve or protect the safety and soundness of banking in this state;(3)  grant at least the same rights and privileges to Texas state banks that are or may be granted to other depository institutions;(4)  recover the cost of maintaining and operating the department and the cost of enforcing this subtitle by imposing and collecting ratable and equitable fees for supervision and regulation, including fees for notices, applications, and examinations;  and(5)  facilitate the fair hearing and adjudication of matters before the commissioner and the finance commission.(b)  In adopting rules, the finance commission shall consider the need to:(1)  coordinate with applicable federal law;(2)  promote a stable banking environment;(3)  provide the public with convenient, safe, and competitive banking services;(4)  preserve and promote the competitive position of Texas state banks with regard to other depository institutions consistent with the safety and soundness of Texas state banks and the Texas state bank system;  and(5)  allow for economic development in this state.(c)  The presence or absence in this subtitle of a specific reference to rules regarding a particular subject does not enlarge or diminish the rulemaking authority provided by this section.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 528, Sec. 28, eff. Sept. 1, 2001.|
TX Fin Code § 201.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 201 - General Provisions|Subchapter A. General Provisions|Section 201.004. Law Applicable to Interstate Branches

Sec. 201.004.  LAW APPLICABLE TO INTERSTATE BRANCHES.  (a)  The laws of this state, including laws regarding community reinvestment, consumer protection, fair lending, and establishment of intrastate branches, apply to an interstate branch located in this state to the same extent the laws of this state would apply if the branch in this state were a branch of an out-of-state national bank in this state, except to the extent otherwise provided under federal law.  An out-of-state state bank that establishes an interstate branch in this state under this subtitle may conduct any activity at the branch in this state that is permissible under the laws of the bank's home state, to the extent the activity is permissible for a Texas state bank or for a branch of an out-of-state national bank in this state.(b)  To the extent provided by Section 4.102(c), Business & Commerce Code, the laws of this state govern a deposit contract between a bank and a consumer account holder if the branch or separate office of the bank that accepts the deposit contract is located in this state.(c)  Without limiting Subsection (a), for purposes of the laws of this state relating to authority to act as a fiduciary, depository of public funds, or custodian of securities pledged to secure public funds, or authority to engage in repurchase transactions with public entities, a legally operating interstate branch in this state is considered to be in, within, located in, authorized to do business in, domiciled in, and chartered in this state.(d)  This subtitle does not limit or affect the authority of:(1)  the home state regulator of a bank's home state to enforce any law applicable to a branch of an out-of-state state bank;(2)  a law enforcement officer, a regulatory supervisor, other than the commissioner, or another official of this state to enforce the laws of this state applicable to a branch of an out-of-state state bank; or(3)  this state to adopt, apply, or administer any tax or method of taxation to a bank, bank holding company, or foreign bank, or any affiliate of a bank, bank holding company, or foreign bank, to the extent that the tax or tax method is otherwise permissible by or under the United States Constitution or other federal law.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 20, eff. June 14, 2013.|
TX Fin Code § 201.007 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 201 - General Provisions|Subchapter A. General Provisions|Section 201.007. Confidentiality

Sec. 201.007.  CONFIDENTIALITY.  Except as expressly provided otherwise in this subtitle, confidentiality of information obtained by the commissioner under this subtitle is governed by Subchapter D, Chapter 31, or, with respect to a state savings bank, Subtitle C, and may not be disclosed by the commissioner or an employee of the commissioner's department except as provided by Subchapter D, Chapter 31, or, with respect to a state savings bank, Subtitle C.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|Sec. 201.008.  NOTICE OF SUBSEQUENT EVENT.  Each out-of-state state bank that has established and maintains an interstate branch in this state pursuant to this subtitle shall give written notice to the commissioner, at least 30 days before the effective date of the event, or in the case of an emergency transaction, within a shorter period consistent with applicable state or federal law, of a merger or other transaction that would cause a change of control with respect to the bank or a bank holding company that controls the bank, with the result that an application would be required to be filed with the bank's home state regulator or a federal bank supervisory agency, including an application filed pursuant to the Change in Bank Control Act of 1978 (12 U.S.C. Section 1817(j)), as amended, or the Bank Holding Company Act (12 U.S.C. Section 1841 et seq.).|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 201.009 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 201 - General Provisions|Subchapter A. General Provisions|Section 201.009. Enforcement; Appeals

Sec. 201.009.  ENFORCEMENT; APPEALS.  (a)  If the commissioner determines that a bank holding company or a foreign bank has violated this subtitle or other applicable law of this state, the commissioner may take any enforcement action the commissioner would be empowered to take if the bank holding company or foreign bank were a Texas state bank, except that the commissioner shall promptly give notice to the home state regulator of each enforcement action taken against an out-of-state bank holding company or foreign bank and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving the enforcement action.  A bank holding company or foreign bank may appeal a final order or other decision of the commissioner under this subtitle as provided by Sections 31.202 and 31.204.(b)  If the commissioner determines that an interstate branch maintained by an out-of-state state bank in this state is being operated in violation of a law of this state that is applicable to the branch under Section 24(j), Federal Deposit Insurance Act (12 U.S.C. Section 1831a(j)), including a law that governs community reinvestment, fair lending, or consumer protection, the commissioner, with written notice to the home state regulator and subject to the terms of any applicable cooperative agreement with the home state regulator, may take any enforcement action the commissioner would be empowered to take if the branch were a Texas state bank or state savings bank, as the case may be.  An out-of-state state bank may appeal a final order or other decision of the commissioner under this subtitle as provided by Sections 31.202 and 31.204, or as provided under Subtitle C with respect to a state savings bank.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 22, eff. June 14, 2013.Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 26, eff. June 14, 2013.Acts 2019, 86th Leg., R.S., Ch. 20 (S.B. 614), Sec. 30, eff. September 1, 2019.|
TX Fin Code § 201.010 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 201 - General Provisions|Subchapter A. General Provisions|Section 201.010. Taxation

Sec. 201.010.  TAXATION.  A bank subject to this subtitle is subject to the franchise tax to the extent provided by Chapter 171, Tax Code.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 201.011 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 201 - General Provisions|Subchapter A. General Provisions|Section 201.011. Severability

Sec. 201.011.  SEVERABILITY.  The provisions of this subtitle or the applications of those provisions are severable as provided by Section 311.032(c), Government Code.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 201.101 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 201 - General Provisions|Subchapter B. Registration of Financial Institutions|Section 201.101. Definitions

Sec. 201.101.  DEFINITIONS.  In this subchapter:(1)  "Financial institution" means:(A)  a bank as defined for any purpose by Section 201.002(a)(4), whether chartered under the laws of this state, another state, the United States, or another country, including a state savings bank;(B)  a savings and loan association chartered under Chapter 62 or similar laws of another state;(C)  a federal savings and loan association, federal savings bank, or federal credit union;(D)  a credit union chartered under Chapter 122 or similar laws of another state;  or(E)  a trust company chartered under the laws of this state or another state.(2)  "Out-of-state financial institution" means a financial institution that:(A)  is not chartered under the laws of this state;  and(B)  has its main or principal office in another state or country.(3)  "Texas financial institution" means a financial institution that:(A)  is chartered under the laws of this state or under federal law;  and(B)  has its main or principal office in this state.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 201.102 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 201 - General Provisions|Subchapter B. Registration of Financial Institutions|Section 201.102. Registration to Do Business

Sec. 201.102.  REGISTRATION TO DO BUSINESS.  An out-of-state financial institution must file an application for registration with the secretary of state, before operating a branch or other office in this state, by complying with the law of this state relating to foreign corporations doing business in this state, notwithstanding a provision in that law that purports to limit or prohibit its applicability to financial institutions.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 204 - Foreign Banks|Subchapter A. General Provisions|Section 204.001. Transacting Business

Sec. 204.001.  TRANSACTING BUSINESS.  (a)  A foreign bank may not transact business in this state except to the extent permitted by this chapter.(b)  Subsection (a) does not prohibit a foreign bank:(1)  from transacting business at a licensed federal branch or agency in this state in accordance with federal law;(2)  that does not maintain a branch or agency in this state or conduct business from an office or location in this state from making unsecured loans in this state or loans secured by liens on real or personal property located in this state, enforcing those loans in this state, or transacting trust business in this state, to the extent permitted by other law;  or(3)  organized under the laws of a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands, the deposits of which are insured by the Federal Deposit Insurance Corporation, from establishing and operating an interstate branch in this state in its capacity as a state bank pursuant to Chapter 203.(c)  For purposes of Subsection (a), a foreign bank is not considered to be transacting business in this state merely because a subsidiary or affiliate transacts business in this state, including business that a depository institution subsidiary or affiliate may lawfully conduct in this state as an agent for the foreign bank to the extent authorized by the laws of this state.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 204 - Foreign Banks|Subchapter A. General Provisions|Section 204.002. Books, Accounts, and Records

Sec. 204.002.  BOOKS, ACCOUNTS, AND RECORDS.  Each Texas state branch, agency, or representative office shall maintain and make available appropriate books, accounts, and records reflecting:(1)  all transactions effected by or on behalf of the office;  and(2)  all other actions taken in this state by employees of the foreign bank located in this state to effect transactions on behalf of an office of the foreign bank located outside this state.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 204 - Foreign Banks|Subchapter A. General Provisions|Section 204.003. Examination; Fees

Sec. 204.003.  EXAMINATION;  FEES.  (a)  The commissioner may make examinations of a Texas state branch, agency, or representative office as the commissioner considers necessary to determine whether the office is being operated in compliance with the laws of this state and in accordance with safe and sound banking practices.  Sections 31.105-31.107 apply to the examinations.(b)  A foreign bank that maintains a Texas state branch, agency, or representative office shall pay fees to the commissioner in accordance with Section 201.005 or rules adopted under this subtitle.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|