Audit Committee Continuation and Finance Commission Meeting - August 17, 2018

Meeting Materials

 
Packet


Proposed Strategic Plan

 
Audit Committee Continuation Minutes
 
 
Finance Commission Minutes

 
Audio

Location:
Finance Commission Building | William F. Aldridge Hearing Room,
2601 N. Lamar Blvd. | Austin, Texas 78705

Time:
8:30 a.m or upon adjournment of the Audit Committee

Documents:
Packet | Proposed Strategic Plan To view the final approved plan, visit the Strategic Plan section of the site.

Section A.3 will take up the following agenda items with NO DISCUSSION as notated in bold and italicized A1 and C2


Public comment on any agenda item or issue under the jurisdiction of the Finance Commission agencies is allowed unless the comment is in reference to a rule proposal for which the public comment period has ended. However, upon majority vote of the Commission, public comment may be allowed related to final rule adoption.

A. Finance Commission Matters

  1. Review and Approval of the Minutes of the June 15, 2018 Strategic Planning Committee and Finance Commission Meetings
  2. General Public Comment
  3. Consent Agenda
  4. Finance Commission Operations
  5. Discussion of and Possible Vote to Take Action on the Adoption of the 2019-2023 Finance Commission Strategic Plan
  6. Audit Committee Report
    1. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Readoption of the Investment Policies for:
       
      1. Department of Savings and Mortgage Lending
      2. Office of Consumer Credit Commissioner
      3. Texas Department of Banking
    2. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Department of Savings and Mortgage Lending’s 2018 Annual Internal Audit Report as Prepared and Presented by Garza/Gonzales and Associates
    3. Discussion of and and Possible Vote to Recommend that the Finance Commission Take Action on the Office of Consumer Credit Commissioner’s 2018 Annual Internal Audit Report as Prepared and Presented by Garza/Gonzales and Associates
    4. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Texas Department of Banking’s 2018 Annual Internal Audit Report as Prepared and Presented by Garza/Gonzales and Associates
    5. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Selection of an Internal Auditor for the Finance Commission Agencies for Fiscal Year 2019
    6. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies May 31, 2018 Investment Officer Reports
       
      1. Department of Savings and Mortgage Lending
      2. Office of Consumer Credit Commissioner
      3. Texas Department of Banking
    7. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ 2018 Third Quarter Financial Statements
       
      1. Department of Savings and Mortgage Lending
      2. Office of Consumer Credit Commissioner
      3. Texas Department of Banking
    8. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ Fiscal Year 2019 Operating Budgets
       
      1. Department of Savings and Mortgage Lending
      2. Office of Consumer Credit Commissioner
      3. Texas Department of Banking
  7. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments to 7 TAC, Part 1, Chapter 9, §9.1 and §9.12, Regarding Contested Case Procedures
  8. Discussion of and Possible Vote to Take Action Regarding Personnel Matters Pursuant to   §551.074, Texas Government Code: Deliberations with Respect to the Duties and Compensation of a Person Holding the Position of Executive Director of the Finance Commission, Deliberations with Respect to the Duties and Compensation of Persons Holding the Position of Agency Commissioner Positions, and Other Staff
  9. Discussion of and Possible Vote to Take Action Regarding Facility Planning and Real Property Matters Pursuant to §551.072, Texas Government Code: Deliberations Regarding the Purchase, Exchange, Lease or Value of Real Property
  10. Discussion and Consultation with Attorney and Possible Vote to Take Action Pursuant to §551.071, Texas Government Code, for the purpose of seeking the advice or attorney-client privileged communications from our attorneys, including matters related to the potential financial exposure of the Finance Commission Agencies and their officers and the Finance Commission and its officers and including matters of pending and contemplated litigation

B. Department of Savings and Mortgage Lending

  1. Industry Status and Departmental Operations - State Savings Bank Activity: a) Industry Status; b) State Savings Bank Charter and Application Activity; c) Other Items
  2. Industry Status and Departmental Operations – Mortgage Lending Activity: a) Residential Mortgage Loan Originators; b) Mortgage Examination; c) Consumer Complaints; and d) Other Items
  3. Fiscal/Operations Activity: a) Funding Status/Audits/Financial Reporting; b) Staffing; and c) Other Items
  4. Legal Activity: a) Enforcement; b) Gift Reporting; and c) Legislative Activities
  5. Discussion of and Possible Vote to Take Action on Anticipated and Pending Litigation

C. Office of Consumer Credit Commissioner

  1. Industry Status and Departmental Operations: a) Consumer Protection and Assistance Division Activities; b) Licensing Division Activities; c) Administration Division Activities; d) Financial Division Activities; e) Legal Division Activities; and f) Legislative Activities
  2. Discussion of and Possible Vote to Take Action on the Adoption of the Completed Rule Review of 7 TAC, Chapter 83, Subchapter A, Concerning Rules for Regulated Lenders
  3. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments and a Repeal in 7 TAC, Part 5, Chapter 83, Subchapter A, Concerning Rules for Regulated Lenders, Resulting from Rule Review
  4. Discussion of and Possible Vote to Take Action on Anticipated and Pending Litigation

    Lynn Rowell d/b/a Beaumont Greenery, Montgomery Chandler, Inc., Paula Cook, Townsley Designs, LLC, and Shonda Townsley v. Ken Paxton, in his official capacity as Attorney General of the State of Texas; Cause No. 1:14-cv-00190-LY, in the United States District Court, Western District of Texas, Austin Division
     

    Ernest Polk v. Texas Office of Consumer Credit Commissioner; Cause No. 2018-04375, in the 281st Judicial District Court of Harris County, Texas

    State of Texas v. Cash Auto Sales, Inc. f/k/a Larry Lake d/b/a Cash Auto Sales and VIP Finance of Texas, Inc. f/k/a Travis Lake d/b/a VIP Finance; Cause No. 05-18-00198-CV, in the Court of Appeals for the Fifth Judicial District, Dallas, Texas

D. Texas Department of Banking

  1. Industry Status and Departmental Operations: a) Items of Interest from the Commissioner’s Office; b) Bank and Trust Division Activities; c) Corporate Division Activities; d) Special Audits Division Activities; e) Administrative and Fiscal Division Activities; f) Strategic Support Division Activities; g) Legal Division Activities; h) Legislative Activities; and i) General Items of Interest
  2. Discussion of and Possible Vote to Take Action on Petition to Initiate Rulemaking for Proposed New 7 TAC, Part 2, §33.5 Concerning Payroll Processors
  3. Discussion of and Possible Vote to Take Action on Anticipated and Pending Litigation

 

Note: The Finance Commission Committee may go into executive session (close its meeting to the public) on any agenda item if appropriate and authorized by the Open Meetings Act, Texas Government Code, Chapter 551.

Meeting Accessibility: Under the Americans with Disabilities Act, the Finance Commission will accommodate special needs. Those requesting auxiliary aids or services should notify Brenda Medina, Texas Finance Commission, 2601 North Lamar Boulevard, Austin, Texas 78705, (512) 936-6222, as far in advance of the meeting as possible.