Tex. Fin. Code Section 204.116
Enforcement

The commissioner may initiate an enforcement action under Chapter 35 (Enforcement Actions) or a proceeding to revoke the license of a Texas state branch or agency if the commissioner by examination or other credible evidence finds that the foreign bank:

(1)

does not currently meet the criteria established by this chapter for the original issuance of a license;

(2)

has refused to permit the commissioner to examine its books, papers, accounts, records, or affairs in accordance with Sections 204.002 (Books, Accounts, and Records) and 204.003 (Examination; Fees);

(3)

has failed to make a report required under this chapter or made a material false or misleading statement in the report;

(4)

has violated this subtitle, another law or rule applicable to a foreign bank or a Texas state branch or agency, or a final and enforceable order of the commissioner or the finance commission;

(5)

has misrepresented or concealed a material fact in the original application for license;

(6)

has violated a condition of its license or an agreement between the foreign bank and the commissioner or the department; or

(7)

conducts business in an unsafe and unsound manner.
Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.

Source: Section 204.116 — Enforcement, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­204.­htm#204.­116 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 204.116’s source at texas​.gov