Tex. Fin. Code § 92.557 · Subchapter L. CHANGE OF CONTROL OF SAVINGS BANK
NOTICE OF INTENT TO DENY; HEARING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Not later than the 60th day after the date the application is filed, the commissioner shall:
(1) approve the application without a hearing; or
(2) notify the transferee in writing that the commissioner intends to deny the application and state the grounds for denial.
(b) Not later than the 30th day after the date notice of intent to deny is mailed to the transferee, the transferee may file a written request for a hearing on the application.
(c) The commissioner may immediately enter a final and nonappealable order denying the application if a hearing is not timely requested.
(d) If a hearing is to be held, the commissioner shall issue public notice of the application and shall give any interested person an opportunity to appear, present evidence, and be heard for or against the application. A hearing officer designated by the commissioner shall hold the hearing.
(e) After the hearing, the commissioner shall enter a final order approving or denying the application.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm
- Text hash
- sha256 7b8add00a955dffffdcecf0b5aa4eb6a453b136169d69e9d23df498dc2484212
- 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.