Section 187.202 - Registration of Representative Trust Office(a) Except as provided by Subsection (e) with respect to a credit union, a savings association, or a savings bank, an out-of-state trust institution that does not maintain a branch or trust office in this state and that desires to establish or acquire and maintain a representative trust office shall: (1) file a notice on a form prescribed by the banking commissioner, setting forth:(A) the name of the out-of-state trust institution;(B) the location of the proposed office; and(C) satisfactory evidence that the notificant is a trust institution;(2) pay the filing fee, if any, prescribed by law; and(3) submit a copy of the resolution adopted by the board authorizing the representative trust office and a copy of the trust institution's registration filed with the secretary of state pursuant to Section 201.102.(b) The notificant may commence business at the representative trust office on the 31st day after the date the banking commissioner receives the notice unless the banking commissioner specifies an earlier or later date.(c) The 30-day period of review may be extended by the banking commissioner on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the out-of-state trust institution may establish the representative trust office only on prior written approval by the banking commissioner.(d) The banking commissioner may deny approval of the representative trust office if the banking commissioner finds that the notificant lacks sufficient financial resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the proposed office would be contrary to the public interests. In acting on the notice, the banking commissioner shall consider the views of the appropriate supervisory agencies.(e) A credit union, savings association, or savings bank that does not maintain a branch in this state and desires to establish or acquire and maintain a representative trust office shall comply with this section, except that the notice required by Subsection (a) must be filed with, and the duties and responsibilities of the banking commissioner under Subsections (b)-(d) shall be performed by: (1) the Texas credit union commissioner, with respect to a credit union; or(2) the Texas savings and mortgage lending commissioner, with respect to a savings association or savings bank.(f) An out-of-state trust institution that fails to register as required by this section is subject to Subchapter C, Chapter 185.Amended By Acts 2007, 80th Leg., R.S., Ch. 921, Sec. 6.056, eff. 9/1/2007.