{"data":{"id":"us-tx/tex.-finance-code-204.116","jurisdiction":"us-tx","citation":"Tex. Finance Code § 204.116","heading":"ENFORCEMENT.","body":"The commissioner may initiate an enforcement action under Chapter 35 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:\n(1) does not currently meet the criteria established by this chapter for the original issuance of a license;\n(2) has refused to permit the commissioner to examine its books, papers, accounts, records, or affairs in accordance with Sections 204.002 and 204.003;\n(3) has failed to make a report required under this chapter or made a material false or misleading statement in the report;\n(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;\n(5) has misrepresented or concealed a material fact in the original application for license;\n(6) has violated a condition of its license or an agreement between the foreign bank and the commissioner or the department; or\n(7) conducts business in an unsafe and unsound manner.\nAdded by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE G. BANK HOLDING COMPANIES; INTERSTATE BANK OPERATIONS","CHAPTER 204. FOREIGN BANKS","SUBCHAPTER B. DIRECT BRANCH AND AGENCY OFFICES OF FOREIGN BANKS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.204.htm#204.116","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"a05ca82d4bf1928df3c200195f0976df4e2f17f8ade8860ec648c6b143a649b9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-204.115","next":"us-tx/tex.-finance-code-204.117"},"notice":"GroundRules: Original legal text. Not legal advice."}