13.012 – SUNSET PROVISION. The office of savings and
Texas Finance Code § 13.012
Summary
This law establishes that the office of savings and mortgage lending commissioner and its department will be abolished unless they are renewed by September 1, 2031. It ensures periodic review and accountability of these entities under the Texas Sunset Act.
Entities are subject to review under the Texas Sunset Act.
They will be abolished if not renewed by 2031.
Promotes accountability and efficiency in government agencies.
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In simple terms: Learn about Texas's SUNSET PROVISION. The office of savings and 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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