Tex. Fin. Code § 15.4032 · Subchapter E. POWERS AND DUTIES OF COMMISSION AND COMMISSIONER
EXAMINATION OF RELATED ENTITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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 by a credit union on its own premises:
(1) a credit union service organization in which a credit union has a material interest;
(2) an organization engaged primarily in the business of managing one or more credit unions; and
(3) a third-party contractor providing electronic data processing, electronic fund transfers, or other member services on behalf of a credit union.
(b) The commissioner may collect a fee from an examined contractor or organization in connection with each examination to cover the cost of the examination or may collect that fee from the credit unions that use the examined contractor.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 533, Sec. 3, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.15.htm
- Text hash
- sha256 843281c041a97cc232cd1c713397ffffc454f5d7885d376fbfdd7d5874cecd9e
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.