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TITLE 7BANKING AND SECURITIES
PART 2TEXAS DEPARTMENT OF BANKING
CHAPTER 17TRUST COMPANY REGULATION
SUBCHAPTER AGENERAL
RULE §17.2Advertising
(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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