reglab/housing_qa huggingface dataset:
TX Fin Code § 204.116 (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 B. Direct Branch and Agency Offices of Foreign Banks|Section 204.116. Enforcement

Sec. 204.116.  ENFORCEMENT.  The commissioner may initiate an enforcement action under Chapter 35 or a proceeding to revoke the license of a Texas state branch or agency if the commissioner by examination or other credible evidence finds that the foreign bank:(1)  does not currently meet the criteria established by this chapter for the original issuance of a license;(2)  has refused to permit the commissioner to examine its books, papers, accounts, records, or affairs in accordance with Sections 204.002 and 204.003;(3)  has failed to make a report required under this chapter or made a material false or misleading statement in the report;(4)  has violated this subtitle, another law or rule applicable to a foreign bank or a Texas state branch or agency, or a final and enforceable order of the commissioner or the finance commission;(5)  has misrepresented or concealed a material fact in the original application for license;(6)  has violated a condition of its license or an agreement between the foreign bank and the commissioner or the department;  or(7)  conducts business in an unsafe and unsound manner.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.117 (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 B. Direct Branch and Agency Offices of Foreign Banks|Section 204.117. Procedure for Revocation

Sec. 204.117.  PROCEDURE FOR REVOCATION.  (a)  Notice of a revocation proceeding must:(1)  be in the form of a proposed order;(2)  be served on the foreign bank by personal delivery or registered or certified mail, return receipt requested, to a director, officer, manager, or employee of the foreign bank at a Texas state branch or agency location, or to the registered agent of the foreign bank;(3)  state the effective date of the proposed order, which may not be before the 21st day after the date the proposed order is mailed or delivered except as otherwise provided in Section 204.118;  and(4)  state the grounds for the proposed revocation with reasonable certainty.(b)  Unless the foreign bank requests a hearing in writing on or before the effective date of the proposed order, the order takes effect as proposed and is final and nonappealable.(c)  A hearing requested on a proposed order shall be held not later than the 30th day after the date the written request for hearing is received by the department unless the parties agree to a later hearing date.  The department shall participate as the opposing party, and the commissioner shall conduct the hearing and one or more prehearing conferences and opportunities for discovery as the commissioner considers advisable and consistent with applicable statutes and rules.  The foreign bank may not accept new business during the pendency of the hearing unless the commissioner gives prior written approval, except that it shall comply with any stricter requirements imposed by Section 7(e), International Banking Act (12 U.S.C. Section 3105(e)).(d)  Information relating to the financial condition and business affairs of the foreign bank, except previously published statements and information, is confidential and may not be considered in the public portion of the hearing or disclosed by the commissioner or an employee of the department except as provided by Subchapter D, Chapter 31.(e)  Based on the record, the commissioner shall issue or refuse to issue the proposed order.  An issued order may contain modifications indicated by the record to be necessary or desirable, including modifications to impose penalties available under Chapter 35 in lieu of license revocation.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.118 (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 B. Direct Branch and Agency Offices of Foreign Banks|Section 204.118. Immediate Suspension or Revocation

Sec. 204.118.  IMMEDIATE SUSPENSION OR REVOCATION.  (a)  If the commissioner finds that any of the factors set forth in Section 204.116 are true with respect to a foreign bank licensed to maintain a Texas state branch or agency and that it is necessary for the protection of the interests of creditors of the foreign bank's business in this state or for the protection of the public interest that the commissioner immediately suspend or revoke the license of the foreign bank, the commissioner may issue, without notice and hearing, an order suspending or revoking the license of the foreign bank for a period of up to 90 days, pending investigation or hearing under Section 204.117.(b)  An order issued under this section shall be served on the foreign bank in the manner required by Section 204.117(a)(2).|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.119 (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 B. Direct Branch and Agency Offices of Foreign Banks|Section 204.119. Status of Revoked License

Sec. 204.119.  STATUS OF REVOKED LICENSE.  Unless stayed by the district court that has jurisdiction over an appeal, a final order of the commissioner revoking a license is effective immediately and the foreign bank shall immediately cease all activity in this state requiring a license.  Subject to Section 204.120, all functions requiring a license must be immediately transferred to a branch, affiliate, or agency of the foreign bank that is located outside of this state and that has the power to perform those functions under governing law.  Continued activity in this state of an unlicensed foreign bank is subject to Subchapter C, Chapter 35.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.Amended by: Acts 2019, 86th Leg., R.S., Ch. 20 (S.B. 614), Sec. 31, eff. September 1, 2019.|
TX Fin Code § 204.121 (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 B. Direct Branch and Agency Offices of Foreign Banks|Section 204.121. Dissolution

Sec. 204.121.  DISSOLUTION.  (a)  If a foreign bank licensed to maintain a Texas state branch or agency in this state is dissolved, has its authority or existence terminated or canceled in the jurisdiction of its incorporation, or has its authority to maintain a branch or agency in this state terminated by the Board of Governors of the Federal Reserve System under Section 7(e), International Banking Act (12 U.S.C. Section 3105(e)), an officer, manager, or agent of the foreign bank shall deliver to the commissioner:(1)  a certified copy of:(A)  a certificate of the official responsible for records of banking corporations of the foreign bank's jurisdiction of incorporation attesting to the occurrence of dissolution or of termination or cancellation of authority or existence;(B)  an order or decree of a court directing the dissolution of the foreign bank or the termination or cancellation of its authority or existence;  or(C)  an order of the Board of Governors of the Federal Reserve System terminating its authority under Section 7(e), International Banking Act (12 U.S.C. Section 3105(e));  and(2)  the documents and information required by Section 204.115(c).(b)  The filing of the certificate, order, or decree has the same effect provided by Section 204.119 as if the license issued under this subchapter were revoked by the commissioner as of the effective date of termination or cancellation specified in the certificate, order, or decree unless the commissioner orders an earlier effective date, subject to the procedural protections of Section 204.117 or 204.118.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.201 (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 C. Representative Offices of Foreign Bank|Section 204.201. Registration of Representative Office

Sec. 204.201.  REGISTRATION OF REPRESENTATIVE OFFICE.  (a)  A foreign bank may establish a Texas representative office if the foreign bank files with the commissioner a verified statement of registration.  A statement of registration must:(1)  be accompanied by all registration fees and deposits required by rule;(2)  be in the form specified by the commissioner;(3)  be subscribed and acknowledged by an officer of the foreign bank;(4)  contain as an exhibit or attachment:(A)  a copy of the foreign bank's notice or application submitted to the Board of Governors of the Federal Reserve System under Section 10, International Banking Act (12 U.S.C. Section 3107), and, when issued, the order or notification from the board of governors indicating that the representative office has been approved;(B)  an authenticated copy of the foreign bank's certificate of formation and bylaws or other constitutive documents and, if the copy is in a language other than English, an English translation of the document, under the oath of the translator; and(C)  evidence of compliance with Section 201.102;(5)  be submitted when the federal notice or application is submitted to the board of governors; and(6)  directly or in exhibits or attachments contain:(A)  the name of the foreign bank;(B)  the street address and post office address where each Texas representative office is to be located in this state;(C)  the name and qualifications of each officer and director of the foreign bank who will have charge of any aspect of the business and affairs of the Texas representative office;(D)  a complete and detailed statement of the financial condition of the foreign bank as of a date not more than 360 days before the date of the filing; and(E)  other information the commissioner requires.(b)  The finance commission may adopt rules prescribing abbreviated registration procedures and standards for foreign banks that have already established an initial Texas representative office to establish additional Texas representative offices.(c)  A foreign bank that maintains a Texas state or federal branch or agency in this state is not prohibited from establishing or maintaining one or more Texas representative offices.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 575 (S.B. 804), Sec. 38, eff. June 14, 2013.|
TX Fin Code § 204.202 (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 C. Representative Offices of Foreign Bank|Section 204.202. Place of Business

Sec. 204.202.  PLACE OF BUSINESS.  A Texas representative office may engage in the business authorized by this subchapter at each place of business registered with the commissioner.  A Texas representative office may change its location in this state by filing a notice with the commissioner containing the street address and post office address of the new location.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.203 (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 C. Representative Offices of Foreign Bank|Section 204.203. Permissible Activities of Representative Office

Sec. 204.203.  PERMISSIBLE ACTIVITIES OF REPRESENTATIVE OFFICE.(a)  A registered Texas representative office of a foreign bank may engage in:(1)  representational and administrative functions in connection with the banking activities of the foreign bank that:(A)  may include soliciting new business for the foreign bank, conducting research, acting as liaison between the foreign bank's head office and customers in the United States, performing preliminary and servicing steps in connection with lending, or performing back-office functions; and(B)  do not include contracting for any deposit or deposit-like liability, lending money, or engaging in any other banking activity for the foreign bank;(2)  making credit decisions if:(A)  the foreign bank also operates one or more branches or agencies in the United States;(B)  the loans approved at the representative office are made by a United States office of the bank; and(C)  the loan proceeds are not disbursed in the representative office; and(3)  other functions for or on behalf of the foreign bank or its affiliates, including operating as a regional administrative office of the foreign bank, but only to the extent that the functions are not banking activities and are not prohibited by applicable federal or state law.(b)  Repealed by Acts 2017, 85th Leg., R.S., Ch. 915 (S.B. 1400), Sec. 6, eff. September 1, 2017.(c)  Repealed by Acts 2017, 85th Leg., R.S., Ch. 915 (S.B. 1400), Sec. 6, eff. September 1, 2017.(d)  Repealed by Acts 2017, 85th Leg., R.S., Ch. 915 (S.B. 1400), Sec. 6, eff. September 1, 2017.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.Amended by: Acts 2017, 85th Leg., R.S., Ch. 915 (S.B. 1400), Sec. 5, eff. September 1, 2017.Acts 2017, 85th Leg., R.S., Ch. 915 (S.B. 1400), Sec. 6, eff. September 1, 2017.|
TX Fin Code § 204.204 (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 C. Representative Offices of Foreign Bank|Section 204.204. Enforcement

Sec. 204.204.  ENFORCEMENT.  The commissioner may initiate an enforcement action under Chapter 35 or a proceeding to revoke the registration of a representative office if the commissioner by examination or other credible evidence finds that the foreign bank:(1)  has refused to permit the commissioner to examine the books, papers, accounts, records, or affairs of a Texas representative office in accordance with Sections 204.002 and 204.003;(2)  has violated this subtitle, another law or rule applicable to a foreign bank or a Texas representative office, or a final and enforceable order of the commissioner or the finance commission;(3)  has misrepresented or concealed a material fact in the original registration;(4)  has violated a condition of an agreement between the foreign bank and the commissioner, a bank supervisory agency, or another state regulatory agency;  or(5)  conducts business in an unsafe and unsound manner.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.205 (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 C. Representative Offices of Foreign Bank|Section 204.205. Procedure for Revocation

Sec. 204.205.  PROCEDURE FOR REVOCATION.  (a)  Notice of a revocation proceeding must:(1)  be in the form of a proposed order;(2)  be served on the foreign bank by personal delivery or registered or certified mail, return receipt requested, to a director, officer, or employee of the foreign bank at a Texas representative office location, or to the registered agent of the foreign bank;(3)  state the effective date of the proposed order, which may not be before the 21st day after the date the proposed order is mailed or delivered;  and(4)  state the grounds for the proposed revocation with reasonable certainty.(b)  Unless the foreign bank requests a hearing in writing on or before the effective date of the proposed order, the order takes effect as proposed and is final and nonappealable.(c)  A hearing requested on a proposed order shall be held not later than the 30th day after the date the written request for hearing is received by the commissioner unless the parties agree to a later hearing date.  The department shall participate as the opposing party, and the commissioner shall conduct the hearing and one or more prehearing conferences and opportunities for discovery as the commissioner considers advisable and consistent with applicable statutes and rules.  During the pendency of the hearing and unless the commissioner gives prior written approval, the foreign bank may not accept new business from this state.(d)  Information relating to the financial condition and business affairs of the foreign bank, except previously published statements and information, is confidential and may not be considered in the public portion of the hearing or disclosed by the commissioner or an employee of the department except as provided by Subchapter D, Chapter 31.(e)  Based on the record, the commissioner shall issue or refuse to issue the proposed order.  An issued order may contain modifications indicated by the record to be necessary or desirable, including modifications to impose penalties available under Chapter 35 in lieu of revocation of registration.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.206 (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 C. Representative Offices of Foreign Bank|Section 204.206. Effect of Revoked Registration

Sec. 204.206.  EFFECT OF REVOKED REGISTRATION.  A foreign bank that has had its registration under this subchapter revoked shall cease all activities in this state.  Continued activity in this state of an unregistered foreign bank is subject to Subchapter C, Chapter 35.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 204.207 (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 C. Representative Offices of Foreign Bank|Section 204.207. Dissolution

Sec. 204.207.  DISSOLUTION.  (a)  If a foreign bank with a registered Texas representative office is dissolved, has its authority or existence terminated or canceled in the jurisdiction of its incorporation, or has its authority to maintain its Texas representative office terminated by the Board of Governors of the Federal Reserve System under Section 10(b), International Banking Act (12 U.S.C. Section 3107(b)), an officer, manager, or agent of the foreign bank shall deliver to the commissioner a certified copy of:(1)  a certificate of the official responsible for records of banking corporations of the foreign bank's jurisdiction of incorporation attesting to the occurrence of dissolution or of termination or cancellation of authority or existence;(2)  an order or decree of a court directing the dissolution of the foreign bank or the termination or cancellation of its authority or existence;  or(3)  an order of the Board of Governors of the Federal Reserve System terminating its authority under Section 10(b), International Banking Act (12 U.S.C. Section 3107(b)).(b)  The filing of the certificate, order, or decree has the same effect under Section 204.206 as if the registration made under this subchapter were revoked by the commissioner.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 273.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 273 - Savings and Loan Supplemental Fund Act|Subchapter A. General Provisions|Section 273.001. Short Title

Sec. 273.001.  SHORT TITLE.  This chapter may be cited as the Texas Savings and Loan Supplemental Fund Act.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 273.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 273 - Savings and Loan Supplemental Fund Act|Subchapter A. General Provisions|Section 273.002. Purposes; Liberal Construction

Sec. 273.002.  PURPOSES;  LIBERAL CONSTRUCTION.  (a)  The purposes of this chapter are to:(1)  establish a fund in this state to aid the commissioner in maintaining the solvency of associations that contribute to the fund;  and(2)  safeguard the public interest and promote public confidence in domestic associations doing business in this state by making the fund available to the commissioner to be used to:(A)  protect and rehabilitate the assets of member associations;  and(B)  maintain the solvency of member associations.(b)  This chapter shall be liberally construed to effect its purposes.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 273.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 273 - Savings and Loan Supplemental Fund Act|Subchapter A. General Provisions|Section 273.003. Definitions

Sec. 273.003.  DEFINITIONS.  In this chapter:(1)  "Board" means the board of directors of the corporation.(2)  "Commissioner" means the savings and mortgage lending commissioner.(3)  "Corporation" means the Texas Savings and Loan Supplemental Fund Corporation.(4)  "Domestic association" means a savings and loan association that is organized under the laws of this state.(5)  "Member association" means a domestic association that is a member in good standing of the corporation.(6)  "Member association under conservatorship" means a member association that is subject to a conservatorship order of the commissioner.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.059, eff. September 1, 2007.|
TX Fin Code § 273.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 273 - Savings and Loan Supplemental Fund Act|Subchapter A. General Provisions|Section 273.004. Exemption From Securities Act

Sec. 273.004.  EXEMPTION FROM SECURITIES ACT.  (a)  A security issued by the corporation under this chapter is not considered a "security" under The Securities Act (Title 12, Government Code).(b)  A person authorized by and acting on behalf of the corporation is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code) with respect to that person's participation in a sale or other transaction involving a security of the corporation.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.16, eff. January 1, 2022.|
TX Fin Code § 273.005 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses|Chapter 273 - Savings and Loan Supplemental Fund Act|Subchapter A. General Provisions|Section 273.005. Security of Corporation Considered Authorized Investment of Savings and Loan Association

Sec. 273.005.  SECURITY OF CORPORATION CONSIDERED AUTHORIZED INVESTMENT OF SAVINGS AND LOAN ASSOCIATION.  A security of the corporation held by a member association is considered an authorized investment of a savings and loan association under state law.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|