SECTION 14.9. Fees; Service Charges; Penalties

(a) The comptroller may set fees, service charges, and penalties to be charged a depository account holder for services or activities regarding a depository account, including fees for an overdraft, an insufficient fund check or draft, or a stop payment order. The comptroller may set or change the fees established under this rule by publishing the applicable fees on the depository website and by sending a notice of any change in fees to depository account holders. The notice may be sent electronically.

(b) The depository may without notice to or consent of the depository account holder suspend withdrawal privileges for a depository account or liquidate all or any portion of a depository account to the extent necessary to satisfy any unpaid fees, service charges or penalties as outlined in the depository account agreement or as provided in §14.12 of this title (relating to Applicability of Estates Code).

Source Note: The provisions of this §14.9 adopted to be effective December 27, 2017, 42 TexReg 7411; amended to be effective June 29, 2022, 47 TexReg 3694