reglab/housing_qa huggingface dataset:
TX Fin Code § 95.009 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 95 - Deposit Accounts|Subchapter A. General Provisions|Section 95.009. Lien on Deposit Account

Sec. 95.009.  LIEN ON DEPOSIT ACCOUNT.  (a)  Without further agreement or pledge, a savings bank or a federal savings bank doing business in this state has a lien on all deposit accounts owned by an account holder to whom or on whose behalf the savings bank has advanced money by loan or otherwise.(b)  On default in the payment or satisfaction of the account holder's obligation, the savings bank, without notice to or consent of the account holder, may cancel on its books all or part of the account holder's deposit account and apply that amount to payment of the obligation.(c)  The savings bank by written instrument may waive its lien in whole or in part on a deposit account.(d)  A savings bank may take the pledge of a deposit account of the savings bank that is owned by an account holder other than the borrower as additional security for a loan secured by:(1)  a deposit account;(2)  real property;  or(3)  both a deposit account and real property.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 95.010 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 95 - Deposit Accounts|Subchapter A. General Provisions|Section 95.010. Account as Legal Investment

Sec. 95.010.  ACCOUNT AS LEGAL INVESTMENT.  (a)  Each of the following persons may invest money held by the person in a deposit account of a savings bank doing business in this state:(1)  any fiduciary, including an administrator, executor, guardian, or trustee;(2)  a political subdivision or instrumentality of this state;(3)  a business or nonprofit corporation;(4)  a charitable or educational corporation or association;  and(5)  a financial institution, including a bank, savings and loan association, or credit union.(b)  An investment by an insurance company in a deposit account is eligible for tax reducing purposes under Chapters 221 and 222, Insurance Code.(c)  An investment by a school district in a deposit account insured by the Federal Deposit Insurance Corporation meets the requirements of Sections 45.102 and 45.208, Education Code.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.110, eff. September 1, 2005.|
TX Fin Code § 95.011 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 95 - Deposit Accounts|Subchapter A. General Provisions|Section 95.011. Applicability of Estates Code

Sec. 95.011.  APPLICABILITY OF ESTATES CODE.  The applicable provisions of Subchapter B, Chapter 111, and Chapters 112 and 113, Estates Code, govern deposit accounts held in a savings bank.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 20.011, eff. September 1, 2015.|
TX Fin Code § 95.101 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 95 - Deposit Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 95.101. Account Held by Minor

Sec. 95.101.  ACCOUNT HELD BY MINOR.  (a)  A savings bank or a federal savings bank may accept a deposit account from a minor as the sole and absolute owner of the account.(b)  On the minor's order, the savings bank may:(1)  pay withdrawals;(2)  accept pledges to the savings bank;  and(3)  act in any other manner with respect to the account.(c)  Subject to Subsection (e), a payment or delivery of rights to a minor, or an acquittance signed by a minor who holds a deposit account, is a discharge of the savings bank for that payment or delivery.(d)  If the savings bank requires a minor to furnish an acquittance or pledge or take other action with respect to the minor's deposit account, that action is binding on the minor as if the minor had the capacity of an adult.(e)  If a parent or guardian of a minor informs the savings bank in writing that the minor is not to have the authority to control the minor's deposit account, the minor may not control the account during the minority without the joinder of the parent or guardian.(f)  If a minor dies, the acquittance of a parent or guardian of the minor discharges the savings bank for amounts that in the aggregate do not exceed $1,000.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 95.102 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 95 - Deposit Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 95.102. Pledge of Joint Account

Sec. 95.102.  PLEDGE OF JOINT ACCOUNT.  (a)  Unless the terms of the account provide otherwise, a person on whose signature money may be withdrawn from a deposit account in the names of two or more persons may, by a signed pledge, pledge and transfer to the savings bank or federal savings bank 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 § 95.103 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 95 - Deposit Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 95.103. Account Held by Fiduciary

Sec. 95.103.  ACCOUNT HELD BY FIDUCIARY.  (a)  A savings bank or federal savings bank doing business in this state may accept a deposit account in the name of a fiduciary, including an administrator, executor, custodian, guardian, or trustee, for a named beneficiary.(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 savings bank for the payment.(d)  After a person holding a deposit account in a fiduciary capacity dies, the savings bank may pay or deliver to the beneficiary the withdrawal value of the account, plus earnings on the account, or other rights relating to the account, in whole or in part, if the savings bank 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)  A savings bank 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 § 95.104 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 95 - Deposit Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 95.104. Trust Account: Undisclosed Trust Instrument

Sec. 95.104.  TRUST ACCOUNT:  UNDISCLOSED TRUST INSTRUMENT.  (a)  If a savings bank opens a deposit account for a person claiming to be the trustee for another and the savings bank has no other notice of the existence or terms of a trust other than a written claim against the account:(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, the savings bank may pay the withdrawal value of all or part of the account, plus earnings on the account, to the person for whom the account was opened.(b)  A savings bank 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 § 95.105 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 95 - Deposit Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 95.105. Power of Attorney Account

Sec. 95.105.  POWER OF ATTORNEY ACCOUNT.  (a)  A savings bank 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 deposit account of a member until the savings bank 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 § 96.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter A. General Provisions|Section 96.001. General Duties

Sec. 96.001.  GENERAL DUTIES.  The Department of Savings and Mortgage Lending and the commissioner shall regulate savings banks and subsidiaries of savings banks 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. 6.039, eff. September 1, 2007.|
TX Fin Code § 96.051 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter B. Examinations and Reports|Section 96.051. Annual Audit

Sec. 96.051.  ANNUAL AUDIT.  (a)  Not later than the 90th day after the date its fiscal year closes, a savings bank shall obtain an audit by an independent accounting firm that is a member of the American Institute of Certified Public Accountants or its successor.(b)  A copy of the audit and all correspondence reasonably related to the audit shall be provided to the commissioner.(c)  The finance commission may adopt rules as necessary to implement this section.(d)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 464, Sec. 15(4), eff. September 1, 2013.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 62, eff. Sept. 1, 2001.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 15(4), eff. September 1, 2013.|
TX Fin Code § 96.053 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter B. Examinations and Reports|Section 96.053. Reports

Sec. 96.053.  REPORTS.  (a)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 464, Sec. 15(5), eff. September 1, 2013.(b)  A savings bank shall make any report the commissioner may require to administer and enforce this chapter.  A report under this section must be:(1)   in the form and manner the commissioner prescribes; and(2)  filed on the date the commissioner prescribes.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.19, eff. September 1, 2005.Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 12, eff. September 1, 2013.Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 15(5), eff. September 1, 2013.|
TX Fin Code § 96.054 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter B. Examinations and Reports|Section 96.054. Examinations

Sec. 96.054.  EXAMINATIONS.  (a)  The commissioner shall periodically examine the affairs of each savings bank and its subsidiaries and the transactions of any holding company that are related to the savings bank subsidiaries of the holding company.(b)  An examination under this section may be performed in conjunction with an examination by the Federal Deposit Insurance Corporation or another federal depository institutions regulatory agency having jurisdiction over a savings bank.  The commissioner may accept an examination made by an appropriate banking agency as a substitute for an examination required by this section.(c)  On completion of a report, a copy of an examination conducted under this section shall be furnished promptly to the savings bank.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.055 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter B. Examinations and Reports|Section 96.055. Additional Examinations

Sec. 96.055.  ADDITIONAL EXAMINATIONS.  (a)  The commissioner at the saving bank's cost may perform an additional examination or audit or devote extraordinary attention to a savings bank's affairs if the commissioner determines the conditions of the savings bank justify the examination, audit, or attention.(b)  On completion of a report, a copy of an examination or audit report conducted under this section shall be furnished promptly to the savings bank.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.0551 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter B. Examinations and Reports|Section 96.0551. Regulation and Examination of Certain Related Entities

Sec. 96.0551.  REGULATION AND EXAMINATION OF CERTAIN RELATED ENTITIES.  (a)  In this section, "state savings bank" has the meaning assigned by Section 31.002.(b)  The commissioner may regulate and examine, to the same extent as if the services or activities were performed by a state savings bank on its own premises:(1)  the activities of a state savings bank affiliate; and(2)  the services or activities of a third-party service provider that a state savings bank or state savings bank affiliate has contracted for or otherwise arranged to be performed on behalf of the state savings bank or state savings bank affiliate.(c)  The commissioner may collect a fee from an examined third-party service provider or affiliate in connection with each examination to cover the cost of the examination or may collect that fee from the state savings banks that use the examined third-party service provider.(d)  For purposes of this section, a third-party service provider or state savings bank affiliate does not include a company or firm in which ownership or membership is limited to individuals and conditioned by law on the existence and maintenance of professional licensing.(e)  To promote regulatory efficiency, if, in the preceding 24 months, a third-party service provider or affiliate has been examined by a federal or state financial services regulatory agency or by a member agency of the Federal Financial Institutions Examination Council, or its successor agency, the commissioner may accept the results of that examination instead of conducting the commissioner's own examination of the third-party service provider or affiliate.  Nothing in this subsection shall be construed as limiting or restricting the commissioner from participating in an examination of a third-party service provider or affiliate conducted by a federal or state financial services regulatory agency or by a member agency of the Federal Financial Institutions Examination Council, or its successor agency.(f)  A third-party service provider that refuses to submit to examination or to pay an assessed fee for examination under this section is subject to an enforcement action under Chapter 96.  With respect to a third-party service provider's refusal to submit to examination, the commissioner may notify all state savings banks of the refusal and warn that continued use of the third-party service provider may constitute an unsafe and unsound banking practice.|Added by Acts 2021, 87th Leg., R.S., Ch. 963 (S.B. 1900), Sec. 2, eff. September 1, 2021.|
TX Fin Code § 96.056 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter B. Examinations and Reports|Section 96.056. Access to Books and Records

Sec. 96.056.  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 a savings bank or a subsidiary or holding company of a savings bank;  and(2)  the books and records relating to a savings bank's business kept by an officer, agent, or employee of the savings bank or the subsidiary or holding company of the savings bank.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.057 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle C - Savings Banks|Chapter 96 - Supervision and Regulation|Subchapter B. Examinations and Reports|Section 96.057. Subpoena; Administration of Oath or Affirmation

Sec. 96.057.  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 a savings bank or a savings bank's subsidiary or holding company;  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 the 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 § 96.101 (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 96.101. Intervention for Violations and Unsafe and Unsound Practices

Sec. 96.101.  INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES.  (a)  The commissioner may intervene in the affairs of a savings bank if the savings bank or a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank:(1)  engages in or is about to engage in an unsafe and unsound practice in conducting the affairs of the savings bank;  or(2)  violates or is about to violate:(A)  the articles of incorporation or bylaws of the savings bank;(B)  a law or supervisory order applicable to the savings bank;  or(C)  a condition that the commissioner or the finance commission has imposed on the savings bank by written order, directive, or agreement.(b)  The commissioner may intervene in the affairs of a savings bank if a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank violates or is about to violate an order or instruction of the commissioner or a conservator or supervisor in charge of the savings bank's affairs.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.102 (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 96.102. Intervention for Filing Inappropriate Information

Sec. 96.102.  INTERVENTION FOR FILING INAPPROPRIATE INFORMATION.  The commissioner may intervene in the affairs of a savings bank if the savings bank or a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank files materially false or misleading information in a filing required by Subchapter L, Chapter 92.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 96.103 (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 96.103. Intervention for Activity Resulting in Actual or Potential Financial Loss

Sec. 96.103.  INTERVENTION FOR ACTIVITY RESULTING IN ACTUAL OR POTENTIAL FINANCIAL LOSS.  (a)  The commissioner may intervene in the affairs of a savings bank if a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank commits or is about to commit:(1)  a fraudulent or criminal act in conducting the affairs that may cause the savings bank or a subsidiary of the savings bank to become or be in danger of becoming insolvent;(2)  an act that threatens immediate or irreparable harm to the public or the savings bank, a subsidiary of the savings bank, or the deposit account holders or creditors of the savings bank;  or(3)  a breach of fiduciary duty that results in actual or probable substantial financial losses or other damages to the savings bank or a subsidiary of the savings bank or that would seriously prejudice the interest of the deposit account holders or holders of other security issued by the savings bank.(b)  The commissioner may intervene in the affairs of a savings bank if the savings bank:(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 § 96.104 (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 96.104. Intervention Relating to Examination of Affairs

Sec. 96.104.  INTERVENTION RELATING TO EXAMINATION OF AFFAIRS.  (a)  The commissioner may intervene in the affairs of a savings bank if a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank:(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 savings bank'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 savings bank or a subsidiary or holding company of the savings bank.(b)  The commissioner may intervene in the affairs of a savings bank if the savings bank:(1)  fails to maintain books and records from which the true financial condition of the savings bank or the state of the savings bank's affairs can be determined;  or(2)  refuses to direct a person having possession of the books, papers, records, or accounts of the savings bank or the savings bank's subsidiary to permit the commissioner or the commissioner's representative to examine those documents or accounts.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|