Texas Finance Code - Section 15.4042. Issuance Of Opinion
Legal Research Home >
Texas Lawyer > Finance Code > Texas Finance Code - Section 15.4042. Issuance Of Opinion
§ 15.4042. ISSUANCE OF OPINION. (a) In response to a
specific request from a member of the public or the credit union
industry, the commissioner may issue an opinion directly or through
the deputy commissioner or a department attorney.
(b) If the commissioner determines that the opinion is
useful for the general guidance of the public or credit unions, the
commissioner may disseminate the opinion by newsletter, through an
electronic medium such as the Internet, in a volume of statutes or
related materials published by the commissioner or others, or by
any other means reasonably calculated to notify persons affected by
the opinion. A published opinion must be redacted to preserve the
confidentiality of the requesting party unless the requesting party
consents to be identified in the published opinion.
(c) The commissioner may amend or repeal a published opinion
by issuing an amended opinion or notice of repeal of an opinion and
disseminating the opinion or notice in a substantially similar
manner as the affected opinion was originally disseminated. The
requesting party may rely on the original opinion if:
(1) all material facts were originally disclosed to
the commissioner;
(2) the safety and soundness of the affected credit
union will not be endangered by further reliance on the original
opinion; and
(3) the text and interpretation of relevant governing
provisions of this chapter or Subtitle D, Title 3, have not been
changed by legislative or judicial action.
Added by Acts 2003, 78th Leg., ch. 533, § 5, eff. Sept. 1, 2003.
Section: 15.4022 15.4023 15.403 15.4031 15.4032 15.404 15.4041 15.4042 15.4043 15.405 15.406 15.407 15.408 15.409 15.4091
Last modified: August 10, 2007
|
