SECTION 200.103. Program Application Procedure

(a) A Financial Institution seeking to participate in the Program must submit a completed application to the Office through the Program Website.

(b) Upon request, an applicant Financial Institution must provide any additional information the Office determines is necessary on or before the fifth business day after the applicant Financial Institution receives the request for information from the Office. The Office may reject an application if an applicant Financial Institution fails to provide the additional information requested under this subsection.

(c) The Office shall determine the Financial Institution's eligibility to participate in the Program based on the application submitted under subsection (a) of this section and any other information the Office determines is necessary and requests pursuant to subsection (b) of this section. The Office has no obligation to authorize an applicant Financial Institution's participation in the Program.

(d) A Financial Institution the Office determines is eligible to participate in the Program must enter an Agreement with the Office. Otherwise-eligible Financial Institutions that have not entered an Agreement shall not participate in the Program.

Source Note: The provisions of this §200.103 adopted to be effective June 25, 2023, 48 TexReg 3217