State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3172 – Financial Institution Regulation – Savings and Loan
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Local/Inactive

This revenue object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Legal Citations:
  • Finance Code sec. 13.007, sec. 61.007, sec. 66.203, sec. 67.201
Revenue Type: Cash — Business Regulation
Origin Date: 1943 by the 48th Leg., R.S.
Issue Date:
Revised Date: 2020-10-30

Description


Fees charged for regulation of savings and loan associations are set by the finance commission for supervision and exams, filing and processing, hearing and deciding applications, filing other documents and other services performed.

If an association is placed under supervisory control, costs of such control are set by the commissioner and paid by the association. 

A foreign association holding a certificate of authority may renew the certificate for an annual renewal fee in January of each year. Such association shall pay the same exam charges paid by domestic association.



Due Date


 As determined by the commission.



Deposit Funds


  •  Account in the Texas Safekeeping Trust Company.



Notes


Amended by S.B. 149, 68th Leg., R.S.

Amended by S.B. 1123, 69th Leg., R.S.

Amended by H.B. 1248, 70th Leg., R.S.

Amended by S.B. 1075, 73rd Leg., R.S.

Codified by H.B. 10, 75th Leg., R.S.

Amended by H.B. 1763, 77th Leg., R.S.

Were deposited to the General Revenue Fund (No. 0001).

Effective 9-1-09, H.B. 2774, 81st Leg., R.S., made the Department of Savings and Mortgage Lending, Agency 450, a semi-independent agency with funds in the Texas Safekeeping Trust Company.



USAS Values


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