122.012 – PLACE OF BUSINESS. (a) A credit union shall
Texas Finance Code § 122.012
Summary
This law requires credit unions to maintain an updated address for their principal place of business and notify the commissioner before opening new offices or service facilities. It ensures regulatory oversight and proper communication regarding credit union locations.
Credit unions must file their principal business address with the department.
Written notice is required 30 days before opening new facilities.
Ensures regulatory compliance and transparency in operations.
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In simple terms: Learn about Texas's PLACE OF BUSINESS. (a) A credit union shall law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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