reglab/housing_qa huggingface dataset:
TX Fin Code § 125.401 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter E. Third-Party Claims and Other Rights Relating to Accounts|Section 125.401. Third-Party Claim

Sec. 125.401.  THIRD-PARTY CLAIM.  (a)  In this section:(1)  "Credit union" includes:(A)  a credit union organized under the laws of this state;(B)  a foreign credit union;  and(C)  a federal credit union.(2)  "Out-of-state credit union" means a credit union that:(A)  is not organized under the laws of this state;  and(B)  has its main or principal office in another state or country.(3)  "Texas credit union" means a credit union that:(A)  is organized under the laws of this state or federal law;  and(B)  has its main or principal office in this state.(b)  A credit union doing business in this state must be served with citation or other appropriate process issued from a court in connection with a suit instituted by a third party to recover or establish an interest in a deposit or share account before the credit union is required to:(1)  recognize the third party's claim;(2)  withhold payment of the account to any party to the account;  or(3)  withhold payment to the order of any party to the account.(c)  A claim against a depositor, joint account owner, or member of a credit union shall be delivered or otherwise served as required or permitted by law at the address of the registered agent of the credit union as designated in a registration filed under Section 201.102 or 201.103, as applicable.(d)  A claim against a depositor, joint account owner, or member of an out-of-state credit union that files a registration statement under Section 201.102 or a Texas credit union that files a registration statement under Section 201.103 is not effective with respect to the credit union if the claim is served or delivered to an address other than the address of the credit union's registered agent as provided in the registration.(e)  To prevent or limit a credit union's compliance with or response to a claim subject to this section, the depositor, joint account owner, or member must seek an appropriate remedy, including a restraining order, injunction, or protective order, to prevent or suspend the credit union's response to a claim against the depositor, joint account owner, or member.(f)  A credit union that does not register with the secretary of state under Section 201.102 or 201.103 is subject to service or delivery of all claims against depositors, joint account owners, or members of the credit union or against the credit union itself by serving the president or vice president of the credit union or as otherwise provided by law.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 533, Sec. 44, eff. Sept. 1, 2003.|
TX Fin Code § 125.402 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter E. Third-Party Claims and Other Rights Relating to Accounts|Section 125.402. Disclosure of Records of Member; Confidentiality

Sec. 125.402.  DISCLOSURE OF RECORDS OF MEMBER;  CONFIDENTIALITY.  (a)  A credit union is not required to disclose or produce to a third party or permit a third party to examine a record pertaining to the affairs of a credit union member unless:(1)  the request is made in connection with an examination or audit by a government agency authorized by law to examine credit unions;(2)  the member consents to the disclosure or production of the record;  or(3)  the request is made by the department or is made in response to:(A)  a subpoena or other court order;  or(B)  an administrative subpoena or summons issued by a state or federal agency as authorized by law.(b)  The commission may authorize the disclosure of information relating to a credit union member under circumstances and conditions that the commission determines are appropriate or required in the daily operation of the credit union's business.(c)  The commission may adopt reasonable rules relating to the:(1)  permissible disclosure of nonpublic personal information about the accounts of credit union members; and(2)  duties of the credit union to maintain confidentiality of member accounts.(d)  The directors, officers, committee members, and employees and any honorary or advisory directors of a credit union shall hold in confidence all information regarding transactions of the credit union, including information concerning transactions with the credit union's members and the members' personal affairs, except to the extent necessary in connection with making, extending, or collecting a loan or extension of credit, or as otherwise authorized by this section, commission rules adopted under Subsection (c), or other applicable law.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 19 (S.B. 244), Sec. 17, eff. September 1, 2013.|
TX Fin Code § 125.403 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter E. Third-Party Claims and Other Rights Relating to Accounts|Section 125.403. Recovery of Document Production Expenses From Third Party

Sec. 125.403.  RECOVERY OF DOCUMENT PRODUCTION EXPENSES FROM THIRD PARTY.  (a)  A credit union or federal credit union doing business in this state is entitled to recover from a third party the reasonable cost actually incurred in disclosing or producing a record under this subtitle  or other applicable law unless the cost was incurred in connection with an examination or audit by a government agency authorized by law to examine credit unions.(b)  The cost incurred in disclosing or producing a record includes the cost of reproduction, postage, or delivery.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.404 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter E. Third-Party Claims and Other Rights Relating to Accounts|Section 125.404. Liens and Setoffs

Sec. 125.404.  LIENS AND SETOFFS.  (a)  To the extent of a member's direct or indirect indebtedness to a credit union, the credit union has:(1)  a lien, enforceable with or without judicial process, on the member's shares and deposits, accumulated dividends, and interest;  and(2)  a right to set off against the member's shares, deposits, accumulated dividends, and interest.(b)  A credit union may allow a withdrawal to be made without affecting the credit union's right to a setoff or lien.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.405 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter E. Third-Party Claims and Other Rights Relating to Accounts|Section 125.405. Account Withdrawals

Sec. 125.405.  ACCOUNT WITHDRAWALS.  (a)  A credit union may require not longer than 60 days' notice for a withdrawal from a share or deposit account.(b)  The commissioner may impose an advance withdrawal notice requirement following issuance of a cease and desist order under Chapter 122.  The commissioner by rule may require that a requirement imposed under this subsection apply to all members of the credit union.(c)  A membership share may not be withdrawn unless membership in the credit union is terminated.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.501 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.501. Rental of Safe Deposit Box

Sec. 125.501.  RENTAL OF SAFE DEPOSIT BOX.  A credit union or federal credit union may maintain and rent safe deposit boxes.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.502 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.502. Relationship Between Credit Union and Box Holder

Sec. 125.502.  RELATIONSHIP BETWEEN CREDIT UNION AND BOX HOLDER.  (a)  In the absence of a contract to the contrary, the relationship between a credit union and the renter of a safe deposit box maintained at the credit union is that of lessor and lessee and landlord and tenant.  The rights and liabilities of the credit union are governed by the law governing those relationships.(b)  The lessee is for all purposes in possession of the box and its contents.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.503 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.503. Access by More Than One Person

Sec. 125.503.  ACCESS BY MORE THAN ONE PERSON.  (a)  In the absence of a contract to the contrary, a credit union shall allow each holder of a safe deposit box jointly held in the name of two or more persons or a person other than the lessee designated in the lease agreement:(1)  access to the box;  and(2)  removal of its contents.(b)  A credit union is not responsible for damage arising because a holder or other designated person had access to the box or removed its contents.(c)  The death of a holder of a jointly held safe deposit box does not affect the right of another holder or other designated person to have access to and remove contents from the box.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 87, Sec. 5, eff. Sept. 1, 1999.|
TX Fin Code § 125.504 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.504. Relocation of Safe Deposit Box; Inventory of Contents

Sec. 125.504.  RELOCATION OF SAFE DEPOSIT BOX;  INVENTORY OF CONTENTS.  (a)  Except as otherwise provided by this section, Sections 125.505 through 125.507, Chapter 151, Estates Code, or other law, a credit union may not relocate a safe deposit box rented for a term of six months or longer if the box rental is not delinquent or may not open the box to relocate its contents to another location, unless:(1)  the lessee is present when the box is opened or relocated; or(2)  the lessee has given the credit union written authorization to relocate the box or to open the box for purposes of relocation.(b)  Storage conditions at the new box location must be at least as secure as the conditions at the original location.(c)  If the box is opened during relocation, two employees shall prepare a detailed inventory of the contents of the box.  At least one of the employees must be an officer or manager of the credit union and a notary public.(d)  One lessee of a jointly held safe deposit box is sufficient to personally supervise or give written authorization for the box's relocation.|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. 20.015, eff. September 1, 2015.|
TX Fin Code § 125.505 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.505. Notice of Box Relocation

Sec. 125.505.  NOTICE OF BOX RELOCATION.  (a)  A credit union shall give a lessee of a safe deposit box at least 30 days' notice of the box's relocation.  The notice must state:(1)  the scheduled date and time of the relocation;  and(2)  whether the box will be opened during the relocation.(b)  If the lessee does not personally supervise the relocation or give written authorization for the relocation, the credit union shall notify the lessee of the new box number or location not later than the 30th day after the date of the relocation.  The credit union must include a copy of the signed and notarized inventory report required by Section 125.504(c) with the notice.(c)  A notice required by this section must be sent by certified mail, return receipt requested, to each lessee named in the records of the credit union at the address shown in those records.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.506 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.506. Cost of Notice as Box Rental

Sec. 125.506.  COST OF NOTICE AS BOX RENTAL.  The credit union may treat the cost of certified mailings incurred in connection with each safe deposit box relocation other than the cost of the first notice as box rental due and payable at the expiration of the rental term.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.507 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.507. Emergency Relocation of Safe Deposit Box

Sec. 125.507.  EMERGENCY RELOCATION OF SAFE DEPOSIT BOX.  (a)  A credit union may relocate a safe deposit box or open the box to relocate its contents to another location if the security of the box is threatened or destroyed by an unforeseeable circumstance beyond the credit union's control, including a natural disaster such as a tornado, flood, or fire.(b)  Not later than the 90th day after the date on which the box is relocated, the credit union shall notify each lessee in whose name the box is held of the new box number or location.  The notice must be sent by certified mail, return receipt requested, to each lessee named in the records of the credit union at the address shown in those records.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.508 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.508. Key Imprinting

Sec. 125.508.  KEY IMPRINTING.  (a)  A credit union that rents or permits access to a safe deposit box shall:(1)  imprint all keys issued to the box after September 1, 1992, with its routing number;  or(2)  issue keys imprinted with the routing number.(b)  If available space on a key is insufficient for imprinting the routing number, the credit union shall attach to the key a tag imprinted with the routing number.(c)  If a credit union believes that the routing number imprinted on a key, or a tag attached to a key, used to access a safe deposit box has been altered or defaced in a manner that the correct routing number is illegible, the credit union shall notify the Department of Public Safety, on a form designated by the commissioner, not later than the 10th day after the date the key is used to access the box.(d)  This section does not require a credit union to inspect the routing number imprinted on a key or an attached tag to determine whether the number has been altered or defaced.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.509 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.509. Liability for Access to or Removal of Contents

Sec. 125.509.  LIABILITY FOR ACCESS TO OR REMOVAL OF CONTENTS.  A credit union that has identified the keys to a safe deposit box in accordance with Section 125.508 and that follows applicable law and the credit union's established security procedures in permitting access to the box is not liable for damages arising because of access to or removal of the box's contents.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.510 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.510. Delinquent Rents

Sec. 125.510.  DELINQUENT RENTS.  (a)  If the rental of a safe deposit box is delinquent for six months or longer, the credit union may open the box only if:(1)  the credit union sends notice of the delinquency to the lessee;  and(2)  the rent is not paid before the date specified in the notice.(b)  The notice must:(1)  be sent by certified mail, return receipt requested, to the lessee named in the books of the credit union at the address shown in those books;  and(2)  specify a date by which payment must be made that may not be before the 61st day after the date on which the notice is mailed.(c)  The box must be opened in the presence of two employees, and the credit union shall prepare a detailed inventory of the contents of the box as provided by reporting instructions of the comptroller.  At least one of the employees must be an officer or manager of the credit union and a notary public.(d)  The credit union shall place the contents of the box in a sealed envelope or container that states the lessee's name.  The credit union shall hold the contents of the box subject to a lien for:(1)  the box's rental;(2)  the cost of opening the box;  and(3)  any damage in connection with the box.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 125.511 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 125 - Credit Union Accounts and Services|Subchapter F. Safe Deposit Boxes|Section 125.511. Auction of Contents

Sec. 125.511.  AUCTION OF CONTENTS.  (a)  If the rental, cost, and damages determined under Section 125.510(d) are not paid before the second anniversary of the date on which the box is opened, the credit union may:(1)  sell all or part of the contents at a public auction in the manner and on the notice prescribed for the sale of real property under deed of trust under Section 51.002, Property Code;  and(2)  apply the sale proceeds to the rental, cost, and damages.(b)  The credit union shall send to the comptroller as provided by Chapter 74, Property Code:(1)  the unauctioned contents of a box;  and(2)  any excess proceeds from the auction.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 126.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 126 - Credit Union Supervision and Regulation|Subchapter A. General Provisions|Section 126.001. Appointment of Conservator or Liquidating Agent

Sec. 126.001.  APPOINTMENT OF CONSERVATOR OR LIQUIDATING AGENT.  The commissioner may appoint any person, including the share and deposit guaranty corporation or credit union provided for by Section 15.410, as a conservator or a liquidating agent under this chapter.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 126.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 126 - Credit Union Supervision and Regulation|Subchapter A. General Provisions|Section 126.003. Enforceability of Agreement Made by Credit Union Before Conservatorship or Liquidation

Sec. 126.003.  ENFORCEABILITY OF AGREEMENT MADE BY CREDIT UNION BEFORE CONSERVATORSHIP OR LIQUIDATION.  An agreement that tends to diminish or defeat the interest of the conservator or liquidating agent in an asset acquired under this chapter, either as security for a loan or by purchase, is not valid against the conservator or liquidating agent unless the agreement is:(1)  in writing;(2)  executed by the credit union and each person claiming an adverse interest under the agreement, including the obligor, contemporaneously with the acquisition of the asset by the credit union;(3)  approved by the board with the approval recorded in the minutes of the board;  and(4)  an official record of the credit union continuously from the time of its execution.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 126.051 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 126 - Credit Union Supervision and Regulation|Subchapter B. Examinations|Section 126.051. Examinations

Sec. 126.051.  EXAMINATIONS.  (a)  The department, through examiners it appoints and in accordance with commission rules, shall periodically examine the books and records of each credit union.(b)  In lieu of an examination under this section, the commissioner may accept:(1)  the examination report of a regulator authorized to examine a credit union, foreign credit union, federal credit union, or other financial institution;  or(2)  the audit report of an accountant, satisfactory to the commissioner, who has made and submitted a report of the condition of the affairs of a credit union, foreign credit union, federal credit union, or other financial institution.(c)  The commissioner may accept all or part of a report in lieu of all or part of an examination.  An accepted part of the report has the same validity as an examination under this section.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 533, Sec. 46, eff. Sept. 1, 2003.|
TX Fin Code § 126.052 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 126 - Credit Union Supervision and Regulation|Subchapter B. Examinations|Section 126.052. Access to Information

Sec. 126.052.  ACCESS TO INFORMATION.  An officer, director, agent, or employee of a credit union shall give an examiner free access to any information relating to the credit union's business, including access to books, papers, securities, and other records.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 126.053 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle D - Credit Unions|Chapter 126 - Credit Union Supervision and Regulation|Subchapter B. Examinations|Section 126.053. Witnesses; Production of Documents

Sec. 126.053.  WITNESSES;  PRODUCTION OF DOCUMENTS.  (a)  In an examination conducted under this subchapter, the commissioner or the commissioner's designee may:(1)  subpoena witnesses;(2)  administer an oath or affirmation to a person, including any officer, director, agent, or employee of a credit union, and examine the person under oath or affirmation on any subject the commissioner considers pertinent to the financial condition or the safety and soundness of the activities of a credit union;  or(3)  require and compel by subpoena the production of documents that are not voluntarily produced, including books, papers, securities, and records.(b)  The commissioner may apply to a district court in Travis County for an order requiring a person to obey a subpoena, to appear, or to answer questions in connection with the examination or investigation.(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.  Amended by Acts 2003, 78th Leg., ch. 533, Sec. 47, eff. Sept. 1, 2003.|