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Texas Laws | Finance Code
FINANCE CODE
TITLE 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.28(a), eff. Sept. 1, 1999. (21254)

Sec. 395.002. OFFICERS. (21255)(Text)

The representative of the comptroller's office serves as presiding officer of the work group. The members of the work group may elect other necessary officers. (21256)

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.28(a), eff. Sept. 1, 1999. (21257)

Sec. 395.003. MEETINGS. (21258)(Text)

The work group shall meet quarterly and may meet more often at the call of the presiding officer. (21259)

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.28(a), eff. Sept. 1, 1999. (21260)

Sec. 395.004. TERM OF OFFICE; REMOVAL. (21261)(Text)

A member of the work group serves a two-year term and may be removed for any reason by the appointing authority. (21262)

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.28(a), eff. Sept. 1, 1999. (21263)

Sec. 395.005. EXPENSES; COMPENSATION. (21264)(Text)

The appointing authority is responsible for the expenses of a member's service on the work group. A member of the work group receives no additional compensation for serving on the work group. (21265)

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.28(a), eff. Sept. 1, 1999. (21266)

SUBCHAPTER B. DUTIES (21267)(Text)
Sec. 395.101. GENERAL DUTIES. (21268)(Text)

The work group shall work in conjunction with the banking community in this state to: (21269)

(1) develop statewide community reinvestment strategies using existing investment pools and other investment vehicles to leverage private capital from banks, insurance companies, and other entities for community development in the state; (21270)

(2) consult and coordinate with representatives from appropriate federal regulatory agencies, including the Office of the Comptroller of the Currency, the Federal Reserve Board of Governors, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision; and (21271)

(3) monitor and evaluate the strategies developed under this section. (21272)

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.28(a), eff. Sept. 1, 1999. (21273)

Sec. 395.102. DEVELOPING STRATEGIES. (21274)(Text)

In developing the strategies required by Section 395.101, the work group shall: (21275)

(1) explore innovative qualified investment strategies; (21276)

(2) ensure to the extent possible that the strategies encourage financial institutions in this state to lend money to low-income and moderate-income families and individuals in the state; (21277)

(3) coordinate its efforts to attract private capital through investments that meet the requirements of the Community Reinvestment Act of 1977 (12 U.S.C. Section 2901 et seq.); and (21278)

(4) ensure to the extent possible that the strategies augment existing Community Reinvestment Act of 1977 programs in the state, including the operation of local community development corporations. (21279)

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.28(a), eff. Sept. 1, 1999. (21280)

CHAPTER 396. PRIVATE CHILD SUPPORT ENFORCEMENT AGENCIES (21281)(Text)

Sec. 396.001. DEFINITIONS. (21282)(Text)

In this chapter: (21283)

(1) "Child support enforcement" means an action, conduct, or practice in enforcing, or in soliciting for enforcement, a child support obligation, including the collection of an amount owed under a child support obligation. (21284)

(2) "Child support obligation" means an obligation for the payment of financial support for a child under an order or writ issued by a court or other tribunal. (21285)

(3) "Department" means the Texas Department of Banking. (21286)

(4) "Foreign agency" means a private child support enforcement agency that engages in business in this state solely by use of telephone, mail, the Internet, facsimile transmission, or any other means of interstate communication. (21287)

(5) "Obligee" means the person identified in an order for child support issued by a court or other tribunal as the payee to whom an obligor's amounts of ordered child support are due. (21288)

(6) "Obligor" means the person identified in an order for child support issued by a court or other tribunal as the individual required to make payment under the terms of a support order for a child. (21289)

(7) "Private child support enforcement agency" means an individual or nongovernmental entity who engages in the enforcement of child support ordered by a court or other tribunal for a fee or other consideration. The term does not include: (21290)

(A) an attorney enforcing a child support obligation on behalf of, and in the name of, a client unless the attorney has an employee who is not an attorney and who on behalf of the attorney: (21291)

(i) regularly solicits for child support enforcement; or (21292)

(ii) regularly contacts child support obligees or obligors for the purpose of child support enforcement; (21293)

(B) a state agency designated to serve as the state's Title IV-D agency in accordance with Part D, Title IV, Social Security Act (42 U.S.C. Section 651 et seq.), as amended; or (21294)

(C) a contractor awarded a contract to engage in child support enforcement on behalf of a governmental agency, including a contractor awarded a contract: (21295)

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