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TITLE 7 - BANKING AND SECURITIES
PART 2 - TEXAS DEPARTMENT OF BANKING
CHAPTER 17 - TRUST COMPANY REGULATION
SUBCHAPTER A - GENERAL
SECTION/RULE §17.2 - Advertising
Chapter Review Date 08/18/2023

(a) An advertisement published by or on behalf of a trust company may not include the following:(1) a guaranteed rate of return or interest rate on funds deposited in trust;(2) a statement that tends to deceive or mislead the public; or(3) a term that may deceive the public into belief that the trust company is engaged in the banking business.(b) Advertisements published by or on behalf of a trust company must be retained in the trust company's records for examination by department personnel.(c) A trust company that violates this section is subject to an enforcement action initiated by the banking commissioner under Finance Code, §§185.001, et seq.

Source Note: The provisions of this §17.2 adopted to be effective March 12, 1998, 23 TexReg 2289; amended to be effective July 11, 2002, 27 TexReg 5962.

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