Texas Finance Code - Section 66.107. Hearing On Temporary Supervisory Order; Final Order
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Texas Lawyer > Finance Code > Texas Finance Code - Section 66.107. Hearing On Temporary Supervisory Order; Final Order
§ 66.107. HEARING ON TEMPORARY SUPERVISORY ORDER; FINAL
ORDER. (a) A temporary supervisory order issued under Section
66.105 becomes final and unappealable on the 16th day after the date
on which the order is issued unless before that day the association
or a person affected by the order requests a hearing before the
commissioner to determine whether the order should be vacated, made
permanent, or modified.
(b) The commissioner shall set the matter for hearing to be
held not earlier than the 11th day or later than the 30th day after
the date of the request. The hearing must be held at the offices of
the Savings and Loan Department in Austin.
(c) After the hearing, the commissioner may enter a final
order that vacates the temporary order or makes the temporary order
permanent in its original form or a modified form that is consistent
with the facts found by the commissioner.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 66.054 66.101 66.102 66.103 66.104 66.105 66.106 66.107 66.108 66.109 66.110 66.111 66.151 66.152 66.153
Last modified: August 10, 2007
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