Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 2 - TEXAS DEPARTMENT OF BANKING
Chapter 21 - TRUST COMPANY CORPORATE ACTIVITIES
Subchapter A - FEES AND OTHER PROVISIONS OF GENERAL APPLICABILITY
Section 21.3 - Expedited Filings

Universal Citation: 7 TX Admin Code ยง 21.3

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

(a) Eligible trust companies may file an expedited filing according to forms and instructions provided by the department solely for home office relocations within the same city pursuant to Finance Code, § RSA 182.202(d), and §RSA 21.41(b) of this title (relating to Written Notice and Application for Change of Home Office), together with the fee required by § RSA 21.2 of this title (relating to Filing and Investigation Fees). Notice must be published as required by § RSA 21.41(e) of this title.

(b) Notwithstanding another provision of this section, the banking commissioner may deny expedited filing treatment to an eligible trust company, in the exercise of discretion, if the banking commissioner finds that the filing involves one or more of the following:

(1) the proposed transaction involves significant policy, supervisory, or legal issues;

(2) approval of the proposed transaction is contingent on additional statutory or regulatory approval by the banking commissioner or another state or federal regulatory agency;

(3) the proposed transaction will result in a fixed asset investment in excess of the limitation contained in Finance Code, § RSA 184.002(a);

(4) the proposed transaction significantly impacts the strategic plan of the trust company;

(5) the proposed transaction would cause capital and surplus to fall below current minimum statutory or regulatory requirements;

(6) the proposed transaction involves an issue of regulatory concern as determined by the banking commissioner in the exercise of discretion; or

(7) the application is deficient and specific additional information is required, or the filing fee has not been paid.

(c) The banking commissioner may deny or withdraw expedited filing treatment if a protest is filed. If a protest is filed, the application will be processed under § RSA 21.41 of this title.

(d) The department shall notify the applicant on or before the 15th day following the date the application is accepted for filing if expedited filing treatment is not available under this section. Such notification must be in writing and must indicate the reason why expedited treatment is not available. Notification is effective when mailed by the department and is not subject to appeal.

(e) Unless the applicant is otherwise notified by the department, an expedited filing is approved on the 15th day after the date the applicant is notified that expedited filing treatment is available or the expiration of the period for filing a public comment or protest, whichever is the last to occur.

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