Texas Finance Code - Section 31.003. Banking Rules
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§ 31.003. BANKING RULES. (a) The finance commission may
adopt rules to accomplish the purposes of this subtitle and
Chapters 11, 12, and 13, including rules necessary or reasonable
to:
(1) implement and clarify this subtitle and Chapters
11, 12, and 13;
(2) preserve or protect the safety and soundness of
state banks;
(3) grant at least the same rights and privileges to
state banks that are or may be granted to national banks domiciled
in this state;
(4) recover the cost of maintaining and operating the
department and the cost of enforcing this subtitle and other
applicable law by imposing and collecting ratable and equitable
fees for notices, applications, and examinations; and
(5) facilitate the fair hearing and adjudication of
matters before the banking commissioner and the finance commission.
(b) In adopting rules, the finance commission shall
consider the need to:
(1) promote a stable banking environment;
(2) provide the public with convenient, safe, and
competitive banking services;
(3) preserve and promote the competitive position of
state banks with regard to national banks and other depository
institutions in this state consistent with the safety and soundness
of state banks and the state bank system; and
(4) allow for economic development in this state.
(c) The presence or absence in this subtitle or Chapter 11,
12, or 13 of a specific reference to rules regarding a particular
subject does not enlarge or diminish the rulemaking authority
provided by this section.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended
by Acts 2001, 77th Leg., ch. 528, § 2, eff. Sept. 1, 2001.
Section: 15.411 15.412 15.413 15.414 15.415 31.001 31.002 31.003 31.004 31.005 31.006 31.007 31.101 31.102 31.103
Last modified: August 10, 2007
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