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Texas Statutes (Last Updated: January 4, 2014) |
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FINANCE CODE |
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Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
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Subtitle B. SAVINGS AND LOAN ASSOCIATIONS |
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Chapter 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS |
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Subchapter E. CONVERSION TO FEDERAL ASSOCIATION |
Sec. 62.204. HEARING ON APPLICATION
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(a) A hearing set under Section 62.203(2) shall be held not later than the 25th day after the date the application is filed unless a later date is agreed to by the applicant and the commissioner.
(b) The commissioner or a hearing officer designated by the commissioner shall conduct the hearing.
(c) The hearing shall be conducted as a contested case as provided by Chapter 2001, Government Code, except that:
(1) a proposal for decision may not be made; and
(2) the commissioner shall render a final decision or order not later than the 15th day after the date the hearing is closed.
(d) The provisions of Chapter 2001, Government Code, relating to motion for rehearing and judicial review are available to the applicant if the commissioner refuses to approve the conversion.