PART 2. TEXAS DEPARTMENT OF BANKING
CHAPTER 15. CORPORATE ACTIVITIES
The Finance Commission of Texas (the commission), on behalf of the Texas Department of Banking (the department), adopts amendments to Chapter 15 of Title 7 of the Texas Administrative Code, concerning loans and investments by state banks. Sections 15.1, 15.3, 15.4, 15.5, 15.6, 15.7, 15.103, 15.121, and 15.122 are the affected sections. These amendments are adopted without changes to the proposed text as published in the December 29, 2023, issue of the Texas Register (48 TexReg 8077). The amended rules will not be republished.
The amendments conform these rules to changes in applicable Texas law, federal regulation, and accounting standards. The amendments do not materially change the requirements of the rules.
The department received no comments regarding the proposed amendments.
SUBCHAPTER A. FEES AND OTHER PROVISIONS OF GENERAL APPLICABILITY
The amendments are adopted pursuant to Finance Code §11.301, which authorizes the commission to adopt rules applicable to state banks, and Finance Code, §31.003, which authorizes the commission to adopt rules necessary to preserve or protect the safety and soundness of state banks.
This adoption affects the statutes administered and enforced by the department's commissioner with respect to state banks, contained in Finance Code, Subtitle A. No other statutes are affected by this adoption.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on February 21, 2024.
TRD-202400730
Robert K. Nichols, III
General Counsel
Texas Department of Banking
Effective date: March 12, 2024
Proposal publication date: December 29, 2023
For further information, please call: (512) 475-1301
The amendments are adopted pursuant to Finance Code §11.301, which authorizes the commission to adopt rules applicable to state banks, and Finance Code, §31.003, which authorizes the commission to adopt rules necessary to preserve or protect the safety and soundness of state banks.
This adoption affects the statutes administered and enforced by the department's commissioner with respect to state banks, contained in Finance Code, Subtitle A. No other statutes are affected by this adoption.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on February 21, 2024.
TRD-202400731
Robert K. Nichols, III
General Counsel
Texas Department of Banking
Effective date: March 12, 2024
Proposal publication date: December 29, 2023
For further information, please call: (512) 475-1301
The amendments are adopted pursuant to Finance Code §11.301, which authorizes the commission to adopt rules applicable to state banks, and Finance Code, §31.003, which authorizes the commission to adopt rules necessary to preserve or protect the safety and soundness of state banks.
This adoption affects the statutes administered and enforced by the department's commissioner with respect to state banks, contained in Finance Code, Subtitle A. No other statutes are affected by this adoption.
The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on February 21, 2024.
TRD-202400732
Robert K. Nichols, III
General Counsel
Texas Department of Banking
Effective date: March 12, 2024
Proposal publication date: December 29, 2023
For further information, please call: (512) 475-1301