Last Updated on July 7, 2023
Effective July 16, 2023, the Department of Savings and Mortgage Lending adopts rules (regulations) governing the regulation of Texas-chartered savings and loan associations (savings associations). The rule changes were identified during the Department’s periodic review of its rules conducted pursuant to Section 2001.039 of the Texas Government Code (rule review). In general, the primary purpose for the rulemaking action is to reorganize and consolidate the Department’s rules governing savings associations into one chapter. Specifically, the adopted rules: (i) repeal the preexisting savings association rules in 7 Texas Administrative Code (TAC) Chapters 52, 53, 57, 61, 63, 64, 65, 67, 69, 71, and 73; and (ii) insert new rules in 7 TAC Chapter 60, patterned after the preexisting rules in the chapters being repealed.
On and after July 16, 2023, the adopted rules will be reflected on the Texas Secretary of State website. Interested persons may also consult the adopted rules notice published in the Texas Register on July 7, 2023 (link active through July 13, 2023; after that date, consult the Texas Register archives).
