REPORTS

(a) A foreign bank doing business in this state through a Texas state branch, agency, or representative office shall make written reports to the commissioner that: (1) are in English; (2) are submitted at the times and in the form specified by the commissioner or by rules adopted under this subtitle; (3) are under oath of one of the foreign bank's officers, managers, or agents transacting business in this state; (4) show the amount of the foreign bank's assets and liabilities, expressed in United States currency; (5) with respect to a Texas state branch or agency, show the amount of the branch or agency's assets and liabilities, expressed in United States currency; and (6) contain other information that the commissioner requires. (b) A license or registration of a foreign bank under this chapter may be revoked or the foreign bank may be subject to an enforcement action under Chapter 35 if the foreign bank fails to make a report required under Subsection (a) or makes a material false or misleading statement in the report.