Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 2 - TEXAS DEPARTMENT OF BANKING
Chapter 17 - TRUST COMPANY REGULATION
Subchapter A - GENERAL
Section 17.2 - Advertising
Universal Citation: 7 TX Admin Code ยง 17.2
Current through Reg. 49, No. 38; September 20, 2024
(a) An advertisement published by or on behalf of a trust company may not include the following:
(1) a guaranteed rate of return or
interest rate on funds deposited in trust;
(2) a statement that tends to deceive or
mislead the public; or
(3) a term
that may deceive the public into belief that the trust company is engaged in
the banking business.
(b) Advertisements published by or on behalf of a trust company must be retained in the trust company's records for examination by department personnel.
(c) A trust company that violates this section is subject to an enforcement action initiated by the banking commissioner under Finance Code, §§ RSA 185.001, et seq.
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