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TITLE 7BANKING AND SECURITIES
PART 1FINANCE COMMISSION OF TEXAS
CHAPTER 6BANKING DEVELOPMENT DISTRICTS
RULE §6.2Definitions

The following words and terms, when used in this chapter, shall have the following meanings, unless the context clearly indicates otherwise:

  (1) "Alternative providers" means check cashers, licensed money transmitters, licensed lenders, and licensed residential mortgage lenders.

  (2) "Banking services" include deposit taking, check-cashing, and origination of residential mortgages, commercial mortgages, or other secured or unsecured consumer or commercial loans.

  (3) "Branch" means a full-service main office or branch office of a financial institution or credit union.

  (4) "Commission" means the Finance Commission of Texas.

  (5) "Credit union" means a state or federal credit union.

  (6) "Department" means the Texas Department of Banking.

  (7) "District" means a banking development district under this chapter.

  (8) "Financial institution" means a state or national bank, a state or federal savings bank, or a state or federal savings and loan association.

  (9) "Local government" means a municipality or county.


Source Note: The provisions of this §6.2 adopted to be effective November 5, 2015, 40 TexReg 7621

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