Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 1 - FINANCE COMMISSION OF TEXAS
Chapter 6 - BANKING DEVELOPMENT DISTRICTS
Section 6.5 - Criteria for Approval

Universal Citation: 7 TX Admin Code ยง 6.5

Current through Reg. 49, No. 38; September 20, 2024

In determining whether to approve an application for the designation of a banking development district, the commission shall take into consideration the following criteria:

(1) the location, number, and proximity of sites where banking services are available in the proposed district;

(2) consumer needs for banking services in the proposed district;

(3) the economic viability and local credit needs of the community in the proposed district;

(4) the existing commercial development in the proposed district;

(5) the impact additional banking services would have on potential economic development in the proposed district;

(6) the physical size and cohesiveness of the proposed district; and

(7) the history of the availability of banking services in the proposed district.

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