Tex. Fin. Code Section 15.410
Share and Depositor Insurance Protection

(a)

The commission shall adopt, and the commissioner shall enforce, reasonable rules requiring a credit union to provide share and deposit insurance protection for credit union members and depositors.

(b)

Rules adopted under this section must include authorization for and establishment of a share and deposit guaranty corporation or credit union under the department’s exclusive regulation to enable the department to carry out the purposes of this chapter and Subtitle D, Title 3.

(c)

A credit union may provide share and deposit insurance protection through another source approved by the department, including a program of the National Credit Union Administration.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 15.410 — Share and Depositor Insurance Protection, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­15.­htm#15.­410 (accessed Jun. 5, 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
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 15.410’s source at texas​.gov