Tex. Gov't Code Section 2257.108
Notice of Collateral Violation; Administrative Penalty

(a)

The comptroller may issue a notice to a participating institution that the institution appears to be in violation of collateral requirements under Section 2257.104 (Collateral Required; Custodian Trustee) and rules of the comptroller.

(b)

The comptroller may impose an administrative penalty against a participating institution that does not maintain collateral in an amount and in the manner required by Section 2257.104 (Collateral Required; Custodian Trustee) and rules of the comptroller if the participating institution has not remedied the violation before the third business day after the date a notice is issued under Subsection (a).
Added by Acts 2009, 81st Leg., R.S., Ch. 486 (S.B. 638), Sec. 1, eff. September 1, 2009.

Source: Section 2257.108 — Notice of Collateral Violation; Administrative Penalty, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­2257.­htm#2257.­108 (accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

§ 2257.108’s source at texas​.gov