Texas Finance Code Title 2, Chapter 11 - Finance Commission Of Texas
SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 11.001 - Definitions
(a) The definitions provided by Section 31.002 apply to this chapter. (b) In this chapter, "finance agency" means: (1) the Texas Department of Banking; (2)...
SUBCHAPTER B COMPOSITION AND OPERATION
- Texas Section 11.002 - Purpose Of Commission; Strategic Plan
(a) The finance commission is responsible for overseeing and coordinating the Texas Department of Banking, the Department of Savings and Mortgage Lending, and the Office...
- Texas Section 11.101 - Appointment; Terms; Oath
(a) The Finance Commission of Texas is composed of 11 members appointed by the governor with the advice and consent of the senate. (b) Members...
- Texas Section 11.102 - Qualifications Of Members
(a) A member of the finance commission must be a registered voter of this state. Not more than two members may be residents of the...
- Texas Section 11.1021 - Conflict Of Interest
(a) In this section, "Texas trade association" means a cooperative and voluntarily joined association of business or professional competitors in this state designed to assist...
- Texas Section 11.103 - Removal Of Members
(a) It is a ground for removal from the finance commission that a member: (1) does not have at the time of taking office the...
- Texas Section 11.104 - Expenses And Compensation Of Members
A member of the finance commission is entitled to: (1) the reimbursement for reasonable and necessary expenses incidental to travel incurred in connection with the...
- Texas Section 11.105 - Matter In Which Member Has Personal Interest
A member of the finance commission may not act or participate in the portion of a commission meeting during which the matter considered specifically relates...
- Texas Section 11.106 - Meetings
(a) The finance commission shall hold at least six regular public meetings during each calendar year on dates set by the commission. (b) The presiding...
- Texas Section 11.107 - Presiding Officer
(a) The governor shall appoint a member of the finance commission as presiding officer of the commission. The presiding officer serves at the will of...
- Texas Section 11.108 - Sunset Provision
The finance commission is subject to Chapter 325, Government Code (Texas Sunset Act). Unless continued in existence as provided by that chapter, the commission is...
- Texas Section 11.109 - Standards Of Conduct
The presiding officer of the finance commission or the presiding officer's designee shall provide to members of the finance commission, as often as necessary, information...
- Texas Section 11.110 - Training
(a) A person who is appointed to and qualifies for office as a member of the finance commission may not vote, deliberate, or be counted...
- Texas Section 11.111 - Separation Of Functions
The finance commission shall develop and implement policies that clearly separate the policymaking responsibilities of the finance commission and the management responsibilities of the banking...
SUBCHAPTER C STAFF AND EXPENSES
- Texas Section 11.112 - Public Testimony
The finance commission shall develop and implement policies that provide the public with a reasonable opportunity to appear before the finance commission and to speak...
- Texas Section 11.202 - Hearings Officer And Auditor
(a) The finance commission shall direct a finance agency to employ an internal auditor to provide services to and facilitate commission oversight and control over...
- Texas Section 11.203 - Limitation On Direction Of Auditor
The internal auditor reports to the finance commission and is not subject to direction by the employing finance agency. Acts 1997, 75th Leg., ch. 1008,...
SUBCHAPTER D POWERS AND DUTIES
- Texas Section 11.204 - Sharing Of Staff, Equipment, And Facilities; Allocation Of Costs
(a) The finance commission shall use the staff, equipment, and facilities of the finance agencies to the extent necessary to carry out the finance commission's...
- Texas Section 11.301 - Banking Rules
The finance commission may adopt banking rules as provided by Section 31.003. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
- Texas Section 11.302 - Savings Association And Savings Bank Rules
(a) The finance commission may adopt rules applicable to state savings associations or to savings banks and may authorize state savings associations and savings banks...
- Texas Section 11.303 - Disclosure Of Certain Information To Finance Commission Prohibited
Information regarding the financial condition of a state savings association or savings bank obtained through examination or otherwise may not be disclosed to a member...
- Texas Section 11.304 - Consumer Credit Rules
The finance commission may adopt rules necessary to supervise the consumer credit commissioner and ensure compliance with Chapter 14 and Title 4. Acts 1997, 75th...
- Texas Section 11.305 - Research
(a) The finance commission shall instruct the consumer credit commissioner to establish a program to address alternatives to high-cost lending in this state. The program...
- Texas Section 11.3055 - Financial Services Study
(a) The finance commission may assign the banking commissioner, savings and mortgage lending commissioner, or consumer credit commissioner to conduct research on: (1) the availability,...
- Texas Section 11.306 - Residential Mortgage Loan Origination Rules
The finance commission may adopt residential mortgage loan origination rules as provided by Chapter 156. Added by Acts 1999, 76th Leg., ch. 1254, Sec. 1,...
- Texas Section 11.307 - Rules Relating To Consumer Complaints
(a) The finance commission shall adopt rules applicable to each entity regulated by the Texas Department of Banking or the Department of Savings and Mortgage...
- Texas Section 11.308 - Interpretation Of Home Equity Lending Law
The finance 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...
- Texas Section 11.309 - Rules Relating To Check Verification Entities
(a) In this section, "check verification entity" and "financial institution" have the meanings assigned by Section 523.052, Business & Commerce Code. (b) The finance commission...
Last modified: September 28, 2016