7 Tex. Admin. Code § 75.225

Current through Reg. 49, No. 45; November 8, 2024
Section 75.225 - 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 § 75.225

Adopted by Texas Register, Volume 47, Number 45, November 11, 2022, TexReg 7548, eff. 11/20/2022