(a) The commissioner may revoke a foreign savings bank’s certificate of authority on the failure or refusal of the savings bank to comply with a final order of the commissioner.
(b) On revocation under Subsection (a), an agent of the savings bank may not transact business in this state except to:
(1) receive a payment to apply to an active loan contract; or
(2) pay a withdrawal request.

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Terms Used In Texas Finance Code 98.202

  • Contract: A legal written agreement that becomes binding when signed.