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Can you summarize 7 TXAC Chapter 77, Subchapter B?
LOANS, INVESTMENTS, SAVINGS, AND DEPOSITS > SAVINGS AND DEPOSITS
Short Summary
The provided legal document content pertains to savings and deposits in the context of Texas Administrative Code. It states that a savings bank is allowed to pledge its assets to secure deposits from various entities, including the United States government, state or political subdivisions, local municipalities, federally-recognized Indian tribes, and other entities as required by state or federal law or court order. The document does not mention any specific exemptions or penalties related to savings and deposits. However, it is important to note that this document is part of a larger set of regulations governing the Department of Savings and Mortgage Lending in Texas, which may contain additional provisions and penalties related to savings and deposits.
Whom does it apply to?
Savings banks
What does it govern?
Savings and deposits
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Texas