Texas Water Code 17.909 – Compliance
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(a) On accepting a linked deposit, an eligible lending institution must lend money to an approved applicant in accordance with the deposit agreement and this subchapter. The eligible lending institution shall forward a compliance report to the board in accordance with board rules. The board shall adopt rules regarding the compliance report.
(b) The board shall monitor compliance with this subchapter and inform the comptroller of noncompliance on the part of an eligible lending institution.
Terms Used In Texas Water Code 17.909
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011