Sec. 11.3055. FINANCIAL SERVICES STUDY. (a) The finance commission may assign the banking commissioner, savings and mortgage lending commissioner, or consumer credit commissioner to conduct research on:
(1) the availability, quality, and prices of financial services, including lending and depository services, offered in this state to agricultural businesses, small businesses, and individual consumers in this state; and
(2) the practices of business entities in this state that provide financial services to agricultural businesses, small businesses, and individual consumers in this state.
(b) The banking commissioner, savings and mortgage lending commissioner, or consumer credit commissioner may:
(1) apply for and receive public and private grants and gifts to conduct the research authorized by this section; and
(2) contract with public and private entities to carry out studies and analyses under this section.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. September 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 11, eff. September 1, 2001.
Renumbered from Finance Code Sec. 11.305(a), (b) and amended by Acts 2003, 78th Leg., ch. 211, Sec. 2.03(c), eff. June 16, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.010, eff. September 1, 2007.
Structure Texas Statutes
Title 2 - Financial Regulatory Agencies
Chapter 11 - Finance Commission of Texas
Subchapter D. Powers and Duties
Section 11.302. Savings Association and Savings Bank Rules
Section 11.303. Disclosure of Certain Information to Finance Commission Prohibited
Section 11.304. Consumer Credit Rules
Section 11.3055. Financial Services Study
Section 11.306. Residential Mortgage Loan Origination Rules
Section 11.307. Rules Relating to Consumer Complaints
Section 11.308. Interpretation of Home Equity Lending Law
Section 11.309. Rules Relating to Check Verification Entities