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TITLE 7 - BANKING AND SECURITIES
PART 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
CHAPTER 75 - SAVINGS BANKS
SUBCHAPTER B - APPLICATIONS
SECTION/RULE §75.153 - Denial of Expedited Treatment
Chapter Review Date 08/22/2022

(a) The Commissioner may deny expedited filing treatment to an otherwise eligible applicant if the Commissioner determines in his or her sole discretion that the proposed transaction involves significant policy, supervisory, or legal issues; is contingent upon other statutory or regulatory approval; results in an entity that is not a financial institution; or involves an entity that is not domiciled in Texas.(b) The Commissioner will provide written notification to the applicant within 15 days after the date the expedited filing is complete and has been accepted for filing as provided by §75.101 of this title (relating to Application Filing Requirements) if expedited filing treatment is denied, indicating the reason for denial.(c) A decision by the Commissioner to deny expedited treatment is final and may not be appealed.

Source Note: The provisions of this §75.153 adopted to be effective November 20, 2022, 47 TexReg 7535.

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