Texas Finance Code Title 3, Chapter 204 - Foreign Banks

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 204.001 - Transacting Business
  (a) A foreign bank may not transact business in this state except to the extent permitted by this chapter. (b) Subsection (a) does not prohibit...
• Texas Section 204.002 - Books, Accounts, And Records
  Each Texas state branch, agency, or representative office shall maintain and make available appropriate books, accounts, and records reflecting: (1) all transactions effected by or...
• Texas Section 204.003 - Examination; Fees
  (a) The commissioner may make examinations of a Texas state branch, agency, or representative office as the commissioner considers necessary to determine whether the office...
• Texas Section 204.004 - Reports
  (a) A foreign bank doing business in this state through a Texas state branch, agency, or representative office shall make written reports to the commissioner...
• Texas Section 204.005 - Change Of Control Of Foreign Bank
  A foreign bank licensed to establish and maintain a Texas state branch or agency pursuant to Subchapter B, or which has registered a Texas representative...
• Texas Section 204.006 - Operations In This State Of Banks Owned Or Controlled By Foreign Banks And Other Foreign Persons
  (a) Except as provided in Subsection (b): (1) the laws of this state governing the acquisition or ownership of interests in Texas banks or out-of-state...
• Texas Section 204.007 - Establishment Of Interstate Branch In This State By An Out-of-state Foreign Bank
  (a) An out-of-state foreign bank may establish an interstate Texas state branch in the same manner as, and subject to the same criteria, standards, conditions,...

SUBCHAPTER B DIRECT BRANCH AND AGENCY OFFICES OF FOREIGN BANKS

• Texas Section 204.008 - Conversion Of Existing Office
  (a) For purposes of this section, foreign bank offices in this state are divided into classes and ranked in ascending order as: (1) representative office;...
• Texas Section 204.101 - Application To Establish Branch Or Agency
  (a) A foreign bank that desires to establish and maintain a Texas state branch or agency shall submit an application to the commissioner. The application...
• Texas Section 204.102 - Hearing And Decision On Application
  (a) After the application is complete and accepted for filing and all required fees and deposits have been paid, the commissioner shall determine from the...
• Texas Section 204.103 - Issuance Of License
  (a) The commissioner shall issue a license to a foreign bank to establish and maintain a Texas state branch or agency if the commissioner finds...
• Texas Section 204.104 - No Concurrent Federal Branch Or Agency
  (a) A foreign bank licensed under this subchapter to establish and maintain a Texas state branch or agency may not concurrently maintain a federal branch...
• Texas Section 204.105 - Powers Of Branch And Agency
  (a) A Texas state branch or agency is subject to this subtitle and other laws of this state applicable to banks as if the Texas...
• Texas Section 204.106 - Application To Act As Fiduciary
  (a) Except as provided by Section 204.105(c)(10), a foreign bank may not act as a fiduciary at a Texas state branch or agency except by...
• Texas Section 204.107 - Filing Of Amendments To Certificate Of Formation
  If the certificate of formation of a foreign bank licensed to maintain a Texas state branch or agency is amended, the foreign bank shall promptly...
• Texas Section 204.108 - Amended License For Branch Or Agency
  (a) A foreign bank licensed to establish and maintain a Texas state branch or agency shall apply to the commissioner for an amended license if...
• Texas Section 204.109 - Relocation Of Office
  (a) With the prior written approval of the commissioner, a foreign bank licensed to establish and maintain a Texas state branch or agency may relocate...
• Texas Section 204.110 - Separate Assets
  (a) Each foreign bank licensed to establish and maintain a Texas state branch or agency in this state shall keep the assets of its business...
• Texas Section 204.111 - Disclosure Of Lack Of Deposit Insurance
  Each foreign bank licensed to establish and maintain a Texas state branch or agency shall give notice that deposits and credit balances in the office...
• Texas Section 204.112 - Limitations On Payment Of Interest On Deposits
  A foreign bank licensed to establish and maintain a Texas state branch or agency is subject to the same limitations with respect to the payment...
• Texas Section 204.113 - Pledge Of Assets
  (a) In accordance with rules adopted under this subtitle, a foreign bank licensed to establish and maintain a Texas state branch or agency may be...
• Texas Section 204.114 - Asset Maintenance
  (a) In accordance with rules adopted under this subtitle, a foreign bank licensed to establish and maintain a Texas state branch or agency shall at...
• Texas Section 204.115 - Voluntary Closure Of Branch Or Agency
  (a) A foreign bank licensed to establish and maintain a Texas state branch or agency may not close the office without filing an application with,...
• Texas Section 204.116 - Enforcement
  The commissioner may initiate an enforcement action under Chapter 35 or a proceeding to revoke the license of a Texas state branch or agency if...
• Texas Section 204.117 - Procedure For Revocation
  (a) Notice of a revocation proceeding must: (1) be in the form of a proposed order; (2) be served on the foreign bank by personal...
• Texas Section 204.118 - Immediate Suspension Or Revocation
  (a) If the commissioner finds that any of the factors set forth in Section 204.116 are true with respect to a foreign bank licensed to...
• Texas Section 204.119 - Status Of Revoked License
  Unless stayed by the finance commission or district court that has jurisdiction over an appeal, a final order of the commissioner revoking a license is...
• Texas Section 204.120 - Seizure And Liquidation
  (a) If the commissioner finds that any of the factors set forth in Section 204.116 are true with respect to a foreign bank licensed to...

SUBCHAPTER C REPRESENTATIVE OFFICES OF FOREIGN BANK

• Texas Section 204.121 - Dissolution
  (a) If a foreign bank licensed to maintain a Texas state branch or agency in this state is dissolved, has its authority or existence terminated...
• Texas Section 204.201 - Registration Of Representative Office
  (a) A foreign bank may establish a Texas representative office if the foreign bank files with the commissioner a verified statement of registration. A statement...
• Texas Section 204.202 - Place Of Business
  A Texas representative office may engage in the business authorized by this subchapter at each place of business registered with the commissioner. A Texas representative...
• Texas Section 204.203 - Permissible Activities Of Representative Office
  (a) A registered Texas representative office of a foreign bank may: (1) solicit loans and in connection with a loan: (A) assemble credit information about...
• Texas Section 204.204 - Enforcement
  The commissioner may initiate an enforcement action under Chapter 35 or a proceeding to revoke the registration of a representative office if the commissioner by...
• Texas Section 204.205 - Procedure For Revocation
  (a) Notice of a revocation proceeding must: (1) be in the form of a proposed order; (2) be served on the foreign bank by personal...
• Texas Section 204.206 - Effect Of Revoked Registration
  A foreign bank that has had its registration under this subchapter revoked shall cease all activities in this state. Continued activity in this state of...
• Texas Section 204.207 - Dissolution
  (a) If a foreign bank with a registered Texas representative office is dissolved, has its authority or existence terminated or canceled in the jurisdiction of...

Last modified: September 28, 2016