Texas · statute · Tex. Finance Code · 2,835 active provisions
(a) This code is enacted as a part of the state's continuing statutory revision program, begun by the Texas Legislative Council in 1963 as directed by the legislature in the law codified as Section 323.007, Government Code. The program contemplates a topic-by-topic revision of the state's general and permanent statute…
Chapter 311, Government Code (Code Construction Act), applies to the construction of each provision in this code except as otherwise expressly provided by this code.
A reference in a law to a statute or a part of a statute revised by this code is considered to be a reference to the part of this code that revises that statute or part of that statute.
(a) Unless expressly authorized by another statute and except as provided by Subsection (b), a municipality or county may not adopt, enforce, or maintain an ordinance, order, or rule regulating conduct in a field of regulation that is occupied by a provision of this code. An ordinance, order, or rule that violates this…
(a) The definitions provided by Section 31.002 apply to this chapter. (b) In this chapter, "finance agency" means: (1) the Texas Department of Banking; (2) the Department of Savings and Mortgage Lending; or (3) the Office of Consumer Credit Commissioner.
(a) The finance commission is responsible for overseeing and coordinating the Texas Department of Banking, the Department of Savings and Mortgage Lending, and the Office of Consumer Credit Commissioner and serves as the primary point of accountability for ensuring that state depository and lending institutions function…
(a) The Finance Commission of Texas is composed of 11 members appointed by the governor with the advice and consent of the senate. (b) Members of the finance commission serve staggered six-year terms, with as near as possible to one-third of the members' terms expiring February 1 of each even-numbered year. (c) An appo…
(a) A member of the finance commission must be a registered voter of this state. Not more than two members may be residents of the same state senatorial district. (b) Two members of the finance commission must be banking executives, one member of the finance commission must be a savings executive, one member of the fin…
(a) In this section, "Texas trade association" means a cooperative and voluntarily joined association of business or professional competitors in this state designed to assist its members and its industry or profession in dealing with mutual business or professional problems and in promoting their common interest. (b) A…
(a) It is a ground for removal from the finance commission that a member: (1) does not have at the time of taking office the qualifications required by Section 11.102; (2) does not maintain during service on the finance commission the qualifications required by Section 11.102; (3) is ineligible for membership under Sec…
A member of the finance commission is entitled to: (1) the reimbursement for reasonable and necessary expenses incidental to travel incurred in connection with the performance of official duties; and (2) a per diem for each day that the member engages in the business of the finance commission.
A member of the finance commission may not act or participate in the portion of a commission meeting during which the matter considered specifically relates to an entity: (1) of which the member or the member's spouse is an officer, director, stockholder, shareholder, or owner; or (2) in which the member or the member'…
(a) The finance commission shall hold at least six regular public meetings during each calendar year on dates set by the commission. (b) The presiding officer or three members of the finance commission may call a special public meeting of the commission. (c) The finance commission may hold an open or closed special mee…
(a) The governor shall appoint a member of the finance commission as presiding officer of the commission. The presiding officer serves at the will of the governor. (b) The presiding officer shall preside at and provide for the keeping of minutes of each public meeting of the finance commission. (c) The presiding office…
The finance commission is subject to Chapter 325, Government Code (Texas Sunset Act). Unless continued in existence as provided by that chapter, the commission is abolished September 1, 2031.
The presiding officer of the finance commission or the presiding officer's designee shall provide to members of the finance commission, as often as necessary, information regarding the requirements for office under this title, including information regarding a person's responsibilities under applicable laws relating to…
(a) A person who is appointed to and qualifies for office as a member of the finance commission may not vote, deliberate, or be counted as a member in attendance at a meeting of the finance commission until the person completes a training program that complies with this section. (b) The training program must provide th…
The finance commission shall develop and implement policies that clearly separate the policymaking responsibilities of the finance commission and the management responsibilities of the banking commissioner, savings and mortgage lending commissioner, and consumer credit commissioner and staff of the finance agencies.
The finance commission shall develop and implement policies that provide the public with a reasonable opportunity to appear before the finance commission and to speak on any issue under the jurisdiction of the finance agencies.
(a) The finance commission may appoint advisory committees to assist the finance commission in performing its duties. (b) The finance commission shall specify each committee's purpose, powers, and duties and shall require each committee to report to the finance commission in the manner specified by the finance commissi…
(a) The finance commission shall direct a finance agency to employ an internal auditor to provide services to and facilitate commission oversight and control over the finance agencies. (b) The Texas Department of Banking may employ a hearings officer to serve the finance agencies as determined by interagency agreement.…
The internal auditor reports to the finance commission and is not subject to direction by the employing finance agency.
(a) The finance commission shall use the staff, equipment, and facilities of the finance agencies to the extent necessary to carry out the finance commission's duties. To reduce administrative costs, the finance agencies shall share staff, equipment, and facilities to the extent that the sharing contributes to cost eff…
The finance commission may adopt banking rules as provided by Section 31.003.
(a) The finance commission may adopt rules applicable to state savings associations or to savings banks and may authorize state savings associations and savings banks to invest money of state savings associations or savings banks in any manner permitted for a federal savings association or federal savings bank domicile…