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Texas Finance Code - Chapter 15 Credit Union Commission And DepartmentLegal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Chapter 15 Credit Union Commission And Department (a) In this chapter, "trade association" means a nonprofit, cooperative, and voluntarily joined association of business or professional competitors designed to assist its members and ... The department is composed of: (1) the commission; (2) the commissioner; and (3) other department officers and employees. Acts 1997, 75th Leg., ch. 1008, § ... The department shall supervise and regulate credit unions as provided by this chapter and Subtitle D, Title 3. Acts 1997, 75th Leg., ch. 1008, § ... The department periodically shall comprehensively study the statutes of this state as they pertain to credit union operations. Acts 1997, 75th Leg., ch. 1008, § ... (a) The department shall annually prepare a complete and detailed written report accounting for all money received and disbursed by the department during the preceding ... (a) The commission is composed of nine members appointed by the governor with the advice and consent of the senate. (b) Commission members serve staggered ... (a) No two commission members may be residents of the same state senatorial district. (b) A commission member may not be: (1) an officer, employee, ... (a) Four commission members must be individuals who: (1) have five years or more of active experience as a director, officer, or committee member of ... (a) Five commission members must be representatives of the public. A person is not eligible for appointment as a public member of the commission if ... (a) To be eligible to take office as a member of the commission, a person appointed to the commission must complete at least one course ... The office of a commission member becomes vacant: (1) on the death, resignation, or removal of the member; or (2) if the member ceases to ... (a) A ground for removal of a commission member by the governor exists if a member: (1) neglects the member's duty; (2) is incompetent; or ... (a) A commission member may not receive compensation or a benefit because of the member's service on the commission except as provided by Subsection (b). ... (a) A commission member may not act on a matter under the commission's consideration that directly affects a credit union of which the member is ... (a) The commission shall hold at least two regular meetings each year. (b) The chairman, the commissioner, or five commission members may call a special ... The governor shall designate a member of the commission as presiding officer of the commission to serve in that capacity at the will of the ... (a) The attorney general shall defend an action brought against a commission member or an officer or employee of the commission because of the person's ... The Credit Union Commission is subject to Chapter 325, Government Code (Texas Sunset Act). Unless continued in existence as provided by that chapter, the commission ... (a) The commission shall appoint a commissioner by affirmative vote of two-thirds of the membership of the commission. (b) The commissioner serves at the will ... (a) The commissioner must have at least five years' practical experience in the operation of credit unions during the 10 years preceding the commissioner's appointment. ... (a) Subject to the commission's approval, the commissioner may appoint a deputy commissioner, who must have the qualifications required of the commissioner. (b) The deputy ... (a) The commissioner shall appoint a sufficient number of credit union examiners to perform fully the duties imposed by the laws of this state. (b) ... A person who is required to register as a lobbyist under Chapter 305, Government Code, because of the person's activities for compensation on behalf of ... Before assuming the duties of office, the commissioner, the deputy commissioner, each examiner, and each other officer or employee of the commission must take an ... Each officer of the commission and department, except a commission member, is an employee of the commission and is subject to the commission's orders and ... (a) The commission shall set the compensation of the commissioner and deputy commissioner. The compensation shall be paid according to the General Appropriations Act. (b) ... (a) The commissioner or a person designated by the commissioner shall develop an intra-agency career ladder program that addresses opportunities for mobility and advancement for ... (a) The commissioner or a person designated by the commissioner shall develop a system of annual performance evaluations that are based on documented employee performance. ... A person may not be an employee of the department who is exempt from the state's position classification plan or is compensated at or above ... The commissioner or the commissioner's designee shall provide to members of the commission and to department employees, as often as necessary, information regarding their qualification ... (a) The commissioner or a person designated by the commissioner shall prepare and maintain a written policy statement to assure implementation of a program of ... The commission shall supervise, consult with, and advise the commissioner. Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. ... (a) The commission may adopt reasonable rules necessary to administer this chapter and to accomplish the purposes of Subtitle D, Title 3. (b) In adopting ... (a) The commission shall develop and implement policies that provide the public with a reasonable opportunity to appear before the commission and to speak on ... (a) The commission may not adopt rules restricting competitive bidding or advertising by a credit union except to prohibit false, misleading, or deceptive practices. (b) ... The commission shall develop and implement policies that clearly separate the policy-making responsibilities of the commission and the management responsibilities of the commissioner and the ... The commissioner shall supervise and regulate a credit union doing business in this state, other than a federal credit union, in accordance with this chapter ... (a) The commissioner may convene a hearing to receive evidence and argument regarding any matter under this chapter or Subtitle D, Title 3, before the ... (a) In accordance with rules adopted by the commission, the commissioner may examine, to the same extent as if the services or activities were performed ... The commissioner shall administer and enforce this chapter and Subtitle D, Title 3, and rules adopted under this chapter and Subtitle D, Title 3. Acts ... (a) The commissioner may issue interpretive statements containing matters of general policy to guide the public and credit unions, and may amend or repeal a ... (a) In response to a specific request from a member of the public or the credit union industry, the commissioner may issue an opinion directly ... An interpretive statement or opinion issued under this subchapter does not have the force of law and is not a rule for the purposes of ... The commissioner shall report the department's legislative recommendations to the legislature for consideration. Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. ... The commissioner shall attend meetings of the commission but may not vote at a meeting. Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. ... The chairman may appoint individuals who are not commission members to serve on official committees that are charged with evaluating industry methods or problems and ... The commissioner shall collect all fees, charges, and revenues required to be paid by a credit union under Section 15.402(c). All money paid to the ... (a) The commissioner shall: (1) supervise the preparation of public interest information describing: (A) functions of the department; (B) procedures for filing and resolving complaints; ... (a) The department shall comply with federal and state laws related to program and facility accessibility. (b) The commissioner shall prepare and maintain a written ... (a) The commission shall adopt, and the commissioner shall enforce, reasonable rules requiring a credit union to provide share and deposit insurance protection for credit ... (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 ... (a) The commissioner may file a consolidated group return form with the Internal Revenue Service on behalf of all credit unions under the department's jurisdiction. ... The commission may, on request of an interested person or on its own motion, issue interpretations of Sections 50(a)(5)-(7), (e)-(p), (t), and (u), Article XVI, ... For the purpose of carrying out the powers, duties, and responsibilities of the department, the commissioner may negotiate, contract, or enter into an agreement for ... The department may accept money or property by gift, bequest, devise, or otherwise for any department purpose authorized by this chapter and Subtitle D, Title ... Texas Lawyers
Last modified: August 10, 2007 |