Clone of TAC - Rule 60.224 - Misdescription of Transactions

This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:38 GMT

TITLE 7 - BANKING AND SECURITIES

PART 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING

CHAPTER 60 - SAVINGS ASSOCIATIONS

SUBCHAPTER C - OPERATIONS

SECTION/RULE §60.224 - Misdescription of Transactions

A savings association may not, either directly or indirectly, knowingly make any entry on its books that is not accurate or otherwise fails to appropriately describe the transaction, or withholds information material to the transaction.

Source Note: The provisions of this §60.224 adopted to be effective July 16, 2023, 48 TexReg 3644.

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