Tex. Fin. Code Section 15.4042
Issuance of Opinion


(a)

In response to a specific request from a member of the public or the credit union industry, the commissioner may issue an opinion directly or through the deputy commissioner or a department attorney.

(b)

If the commissioner determines that the opinion is useful for the general guidance of the public or credit unions, the commissioner may disseminate the opinion by newsletter, through an electronic medium such as the Internet, in a volume of statutes or related materials published by the commissioner or others, or by any other means reasonably calculated to notify persons affected by the opinion. A published opinion must be redacted to preserve the confidentiality of the requesting party unless the requesting party consents to be identified in the published opinion.

(c)

The commissioner may amend or repeal a published opinion by issuing an amended opinion or notice of repeal of an opinion and disseminating the opinion or notice in a substantially similar manner as the affected opinion was originally disseminated. The requesting party may rely on the original opinion if:

(1)

all material facts were originally disclosed to the commissioner;

(2)

the safety and soundness of the affected credit union will not be endangered by further reliance on the original opinion; and

(3)

the text and interpretation of relevant governing provisions of this chapter or Subtitle D, Title 3, have not been changed by legislative or judicial action.
Added by Acts 2003, 78th Leg., ch. 533, Sec. 5, eff. Sept. 1, 2003.

Source: Section 15.4042 — Issuance of Opinion, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­15.­htm#15.­4042 (accessed Mar. 23, 2024).

15.001
Definitions
15.101
Composition of Department
15.102
Regulation of Credit Unions
15.103
Study of Statutes
15.104
Notification and Guidance on Adoption of Certain Federal Laws or Regulations
15.201
Appointment
15.202
General Qualifications of Commission Members
15.203
Qualifications of Industry Commission Members
15.204
Qualifications of Public Commission Members
15.205
Vacancies
15.206
Removal
15.207
Expenses and Compensation of Commission Members
15.208
Matter in Which Commission Member Has Personal Interest
15.209
Meetings
15.210
Presiding Officer
15.211
Suit for Official Act or Omission
15.212
Sunset Provision
15.301
Commissioner
15.302
Qualifications of Commissioner
15.303
Deputy Commissioner
15.304
Examiners
15.305
General Counsel
15.306
Oath
15.307
Officers of Commission and Department
15.309
Intra-agency Career Ladder
15.310
Performance Evaluation
15.311
Qualifications of Employees
15.312
Information Provided to Members and Employees
15.313
Equal Employment Opportunity Policy
15.401
Supervision of Commissioner
15.402
Adoption of Rules
15.403
Supervision and Regulation of Credit Unions
15.404
Administration and Enforcement of Statutes and Rules
15.405
Legislative Recommendations
15.406
Attendance at Commission Meetings
15.407
Official Committees
15.408
Consumer Complaints
15.409
Consumer Information
15.410
Share and Depositor Insurance Protection
15.411
Agreements with Other Regulators
15.412
Filing Group Return with the Internal Revenue Service
15.413
Interpretation of Home Equity Lending Law
15.414
Authority to Contract for Professional or Personal Services
15.415
Gifts of Money or Property
15.416
Use of Technology
15.501
Rulemaking Authority
15.502
Periodic Evaluation
15.2041
Training Program
15.4011
Credit Union Department Building
15.4021
Receipt of Public Comments
15.4022
Rules Relating to Competitive Bidding and Advertising
15.4023
Separation of Responsibilities
15.4025
Negotiated Rulemaking and Alternative Dispute Resolution Policy
15.4031
Credit Union Commissioner Hearing
15.4032
Examination of Related Entities
15.4041
Issuance of Interpretive Statements
15.4042
Issuance of Opinion
15.4043
Effect of Interpretive Statement or Opinion
15.4044
Fees
15.4081
Complaint Tracking
15.4091
Access to Department Facilities, Programs, and Services
15.4105
Annual Report to Members
15.4111
Regulatory Coordination

Accessed:
Mar. 23, 2024

§ 15.4042’s source at texas​.gov