Texas § 204.116 ENFORCEMENT.

Texas Statutes

§ 204.116 — ENFORCEMENT.

Texas § 204.116

Code FIFinance Code

This text of Texas § 204.116 (ENFORCEMENT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 204.116 (2026).

Text

Sec. 204.116. ENFORCEMENT. 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:

(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 and 204.003 ;

(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

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Sec. 204.116. ENFORCEMENT. 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:
(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 and 204.003 ;
(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.