15.4043 – EFFECT OF INTERPRETIVE STATEMENT OR OPINION. An
Texas Finance Code § 15.4043
Summary
This section clarifies that interpretive statements or opinions issued under this subchapter do not carry the force of law unless formally adopted by the commission. Credit unions may rely on these statements for guidance in their operations within Texas.
Interpretive statements lack legal force unless adopted by the commission.
They serve as administrative guidance for credit unions.
Credit unions can rely on these statements for compliance.
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In simple terms: Learn about Texas's EFFECT OF INTERPRETIVE STATEMENT OR OPINION. An 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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