The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- Texas; Texas Department of Banking · Texas
- Level
- Sector regulator
- Authority
- Tex. Fin. Code § 31.105
- Issued
- 2020-05-29 May 29, 2020
- Effective
- 2020-06 (examinations resume offsite) (read as 2020-05-29)
- End
- Offsite examinations 'for the near future' (read as 2020-09-30)
- In force
- May 29, 2020 to Sept. 30, 2020
- Quarters
- 2020 Q22020 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- Texas state-chartered banks
- Functions reached
- OP examinations (suspended Mar. 16 to June 2020; offsite thereafter)
- BR ('Texas banks successfully modified in-person contact')
- Character
- context
- Collection
- State insurance and banking regulators AGY-ST-INSURANCE-BANKING
Operative words
On March 16, 2020, we announced that the Department would complete the in-process examinations offsite and suspend future examinations to allow banks to focus on their customers and communities. By all accounts, Texas banks successfully modified in-person contact to protect customers and employees while continuing to serve their communities... Effective next week, we will resume the examination process. COVID-19 has changed the outlook for examinations as they will be conducted offsite for the near future.
Enforcement
Notes
The regulator's finding that Texas banks 'modified in-person contact' during the second quarter of 2020.
Retrieval noteCite it as context and cite the underlying order, statute or emergency rule it describes as the instrument. (Bulletins whose operative text imposes a mandatory duty on licensees under the regulator's own authority are excluded from this downgrade and listed separately for review.)).