Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle B. SAVINGS AND LOAN ASSOCIATIONS |
Chapter 67. FOREIGN FINANCIAL INSTITUTIONS |
Subchapter C. CERTIFICATE OF AUTHORITY |
Sec. 67.202. REVOCATION OF CERTIFICATE
Latest version.
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(a) The commissioner may revoke a foreign association's certificate of authority on the failure or refusal of the association to comply with a final order of the commissioner.
(b) On revocation under Subsection (a), an agent of the association may not transact business in this state except to:
(1) receive a payment to apply to an active loan contract; or
(2) pay a withdrawal request.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.