| (a) A local government that receives approval for a
district under this subchapter shall notify the Department in writing
not later than the 21st day after the date:
(1) the credit union establishes a branch in the district
and the address of such a branch; and
(2) the credit union closes a branch in the district.
(b) On behalf of the Commission, the Department may
request periodic status reports from the local government or the credit
union in order to ensure that the needs of the community located in
the district are being met in an appropriate manner.
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