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Texas Finance Code - Section 31.108. Call Report; Penalty

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 31.108. Call Report; Penalty

§ 31.108. CALL REPORT;  PENALTY.  (a) A state bank shall 
file with the banking commissioner a copy of its call report stating 
the bank's financial condition and results of operation.
	(b)  The finance commission by rule may:                                       
		(1)  require call reports to be filed with the banking 
commissioner at the intervals the commission determines;
		(2)  specify the form of a call report, including the 
confidential and public information to be in the call report;  and
		(3)  require public information in call reports of 
state banks to be published at the times and in the publications and 
locations the commission determines.
	(c)  A state bank that fails to timely file its call report as 
required by this section is subject to a penalty not exceeding $500 
a day to be collected by suit by the attorney general on behalf of 
the banking commissioner.

Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.                   

Last modified: August 10, 2007