Texas Finance Code 122.254 – False Statements or Documents; Destruction of Records
(a) A person commits an offense if the person, knowingly and with the intent to deceive:
(1) makes a false entry on a record, report, or statement of a credit union; or
(2) in connection with an examination or investigation of a credit union by the commissioner, a deputy commissioner, or the department’s authorized examiner, exhibits a false paper, instrument, or security or gives under oath a false answer to a question directly related to the examination or investigation asked the person by the commissioner, the deputy commissioner, or the department’s authorized examiner.
(b) A person commits an offense if the person knowingly removes, destroys, or conceals a record of the credit union for the purpose of concealing a fact or information from the commissioner, a deputy commissioner, or the department’s authorized examiner.
Attorney's Note
Under the Texas Codes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Third degree felony | between 2 and 10 years | up to $10,000 |
Terms Used In Texas Finance Code 122.254
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) An offense under this section is a third degree felony.