Texas Finance Code - Section 15.411. Agreements With Other Regulators
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§ 15.411. AGREEMENTS WITH OTHER REGULATORS. (a) The
commissioner may enter into an agreement with any credit union
supervisory agency regarding the examination or supervision of
branch offices of credit unions chartered in this state doing
business in other states and foreign credit unions doing business
in this state. In lieu of conducting an examination or
investigation required by this subtitle, the commissioner may
accept examinations or reports from other credit union supervisory
agencies. The acceptance of the examination or report does not
waive any fee, charge, or revenue required to be paid by a credit
union, including a foreign credit union doing business in this
state.
(b) The commissioner may enter into any cooperative
arrangement with other credit union supervisory agencies to promote
the effective regulation of state credit unions doing business
across state lines, including contracting to use another agency's
examiners, allowing for the use of examiners of this state by
another agency, or collecting fees on behalf of or receiving
payments through another agency.
Added by Acts 1999, 76th Leg., ch. 157, § 4, eff. Sept. 1, 1999.
Section: 15.405 15.406 15.407 15.408 15.409 15.4091 15.410 15.411 15.412 15.413 15.414 15.415 31.001 31.002 31.003
Last modified: August 10, 2007
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