Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 7. BANKING AND SECURITIES |
PART 4. DEPARTMENT OF SAVINGS AND MORTGAGE LENDING |
CHAPTER 60. SAVINGS ASSOCIATIONS |
SUBCHAPTER C. OPERATIONS |
DIVISION 4. HOLDING COMPANIES |
SECTION 60.245. Release from Registration
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The Commissioner at any time, on the Commissioner's own motion or on written request, may release a registered holding company from a registration made by the company if the Commissioner determines that the company no longer controls a savings association. If released, the savings association associated with the holding company must maintain the books and records of such holding company.
Source Note: The provisions of this §60.245 adopted to be effective July 16, 2023, 48 TexReg 3644