Department of Savings and Mortgage Lending
Title 7, Part 4
The Department of Savings and Mortgage Lending (department) has completed its review of the following chapters of 7 TAC Part 4:
Chapter 52, Charter Applications (§§52.1 - 52.15);
Chapter 53, Additional Offices (§§53.1 - 53.5, 53.7 - 53.10, 53.17, 53.18);
Chapter 57, Change of Office Location or Name (§§57.1 - 57.4);
Chapter 61, Hearings (§§61.1 - 61.3);
Chapter 63, Fees and Charges (§§63.1 - 63.9, 63.11 - 63.13, 63.15);
Chapter 64, Books, Records, Accounting Practices, Financial Statements, Reserves, Net Worth, Examinations, Complaints (§§64.1 - 64.10);
Chapter 65, Loans and Investments (§§65.1 - 65.21, 65.23, 65.24);
Chapter 67, Savings and Deposit Accounts (§§67.1 - 67.3, 67.6 - 67.13, 67.15, 67.17);
Chapter 69, Reorganization, Merger, Consolidation, Acquisition, and Conversion (§§69.1 - 69.11);
Chapter 71, Change of Control (§§71.1 - 71.8); and
Chapter 73, Subsidiary Corporations (§§73.1 - 73.6).
The review was conducted in accordance with Government Code §2001.039. Notice of the review was published in the February 3, 2023, issue of the Texas Register (48 TexReg 525). The notice recited a deadline of 30 days to receive public comments. No comments were received.
The rules reviewed were adopted by the Finance Commission of Texas (commission) on behalf of the department.
As a result of the rule review conducted by the department, the commission determined certain changes to the rules were appropriate and necessary. The commission's proposal for such changes was published in the May 5, 2023, issue of the Texas Register (48 TexReg 2267, et seq.). The rule changes are adopted in the adopted rules section in this issue of the Texas Register.
The commission, after considering the results of the rule review conducted by the department, finds that the reasons for initially adopting the rules reviewed continue to exist and readopts 7 TAC Chapters 52, 53, 57, 61, 63 - 65, 67, 69, 71, and 73.
TRD-202302311
Iain A. Berry
General Counsel
Department of Savings and Mortgage Lending
Filed: June 26, 2023