Sec. 13.002. SAVINGS AND MORTGAGE LENDING COMMISSIONER. (a) The savings and mortgage lending commissioner is the chief executive officer of the Department of Savings and Mortgage Lending. The finance commission shall appoint the savings and mortgage lending commissioner. The savings and mortgage lending commissioner serves at the will of the finance commission and is subject to the finance commission's orders and direction.
(b) The savings and mortgage lending commissioner must have not less than five years' experience in the executive management of a savings association or savings bank or in savings association or savings bank supervision during the 10 years preceding the commissioner's appointment.
(c) The finance commission shall set the compensation of the savings and mortgage lending commissioner. The compensation shall be paid from money of the Department of Savings and Mortgage Lending.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 15, eff. Sept. 1, 2001.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.013, eff. September 1, 2007.
Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 1, eff. September 1, 2013.
Acts 2015, 84th Leg., R.S., Ch. 367 (H.B. 3536), Sec. 2, eff. September 1, 2015.
Structure Texas Statutes
Title 2 - Financial Regulatory Agencies
Chapter 13 - Department of Savings and Mortgage Lending
Section 13.002. Savings and Mortgage Lending Commissioner
Section 13.003. Deputy Commissioners
Section 13.006. Oath of Office
Section 13.007. General Powers and Duties of Commissioner
Section 13.009. Conflicts of Law
Section 13.010. Conflicts of Interest
Section 13.011. Consumer Information and Complaints
Section 13.012. Sunset Provision
Section 13.013. Standards of Conduct
Section 13.014. Equal Employment Opportunity Policy
Section 13.017. Alternative Rulemaking and Dispute Resolution