Statutes, codes, and regulations
Texas Administrative Code
Title 7 - BANKING AND SECURITIESPart 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDINGChapter 60 - SAVINGS ASSOCIATIONSSubchapter C - [Effective 7/16/2023] OPERATIONS
Division 2 - [Effective 7/16/2023] BOOKS, RECORDS, ACCOUNTING PRACTICES, FINANCIAL STATEMENTS, AND RESERVES
Section 60.225 - Charging Off or Setting Up Reserves Against Bad Debts

7 Tex. Admin. Code § 60.225

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Current through Reg. 49, No. 45; November 8, 2024
Section 60.225 - Charging Off or Setting Up Reserves Against Bad Debts

The Commissioner, after a determination of value, may order that assets in the aggregate, to the extent that such assets have depreciated in value, or to the extent the value of such assets, including loans, are overstated in value for any reason, be charged off, or that a special reserve or reserves equal to such depreciation or overstated value be established in accordance with GAAP.

7 Tex. Admin. Code § 60.225

Adopted by Texas Register, Volume 48, Number 27, July 7, 2023, TexReg 3657, eff. 7/16/2023