Notice of Precomment Draft and Stakeholder Webinar

The Department of Savings and Mortgage Lending (SML or the Department) is considering amendments to 7 Texas Administrative Code (TAC), Chapter 75, and Chapter 76, affecting Texas-chartered savings banks. The amendments were identified during the Department’s periodic review of its rules conducted pursuant to Government Code § 2001.039. This notice contains an overview of the amendments being considered, followed by the text of the amendments.

The Department will hold a stakeholder webinar on November 3, 2020 at 9:00 a.m. to discuss the pre-comment draft of the amendments.

The Department will also accept informal written pre-comments until November 10, 2020 at 5:00 p.m. The Department plans to present the rules for consideration by the Finance Commission at its December 11, 2020 meeting.

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