Texas Finance Code - Section 31.107. Regulation And Examination Of Related Entities
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Texas Lawyer > Finance Code > Texas Finance Code - Section 31.107. Regulation And Examination Of Related Entities
§ 31.107. REGULATION AND EXAMINATION OF RELATED
ENTITIES. (a) The banking commissioner may regulate and examine,
to the same extent as if the services or activities were performed
by a state bank on its own premises:
(1) the activities of a state bank affiliate; and
(2) the performance of data processing, electronic
fund transfers, or other bank services on behalf of a state bank by
a third-party contractor, other than a national bank.
(b) The banking commissioner may collect a fee from an
examined contractor or affiliate in connection with each
examination to cover the cost of the examination or may collect that
fee from the state banks that use the examined contractor.
(c) For purposes of this section, a state bank affiliate
does not include a company in which ownership or membership is
limited to individuals and conditioned by law on the existence and
maintenance of professional licensing.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 31.007 31.101 31.102 31.103 31.104 31.105 31.106 31.107 31.108 31.201 31.202 31.203 31.204 31.301 31.302
Last modified: August 10, 2007
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