Time:
9:30 a.m. or upon adjournment of the Audit Committee meeting via Webinar
Via Webinar

Webinar ID:
805-573-147

Section A.3 will take up agenda items A1, A8, A9, and C2 – C4 with NO DISCUSSION as notated in bold and italicized

Public comment on any agenda item or issue under the jurisdiction of the Finance Commission of Texas 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 19, 2020 Finance Commission Meeting
    
2. General Public Comment
    
3. Consent Agenda
    
4. Finance Commission Operations
    
5. Audit Committee Report
    
   1. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ 2020 Third Quarter Investment Officer Reports
       
      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 Readoption of the Investment Policies for:
       
      1. Department of Savings and Mortgage Lending  
      2. Office of Consumer Credit Commissioner  
      3. Texas Department of Banking  
       
   3. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ 2020 Third Quarter Financial Statements
       
      1. Department of Savings and Mortgage Lending  
      2. Office of Consumer Credit Commissioner  
      3. Texas Department of Banking  
       
   4. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Agencies’ Fiscal Year 2021 Operating Budgets
       
      1. Department of Savings and Mortgage Lending  
      2. Office of Consumer Credit Commissioner  
      3. Texas Department of Banking  
       
   5. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Department of Savings and Mortgage Lending’s 2020 Annual Internal Audit Report as Prepared and Presented by Garza/Gonzalez & Associates
       
   6. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Office of Consumer Credit Commissioner’s 2020 Annual Internal Audit Report as Prepared and Presented by Garza/Gonzalez & Associates
       
   7. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Texas Department of Banking’s Revenue Accounting Process Audit Report as Prepared and Presented by Garza/Gonzalez & Associates
       
   8. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Texas Department of Banking’s 2020 Annual Internal Audit Report as Prepared and Presented by Garza/Gonzalez & Associates
       
6. Strategic Planning Committee Report
    
   1. Discussion of and Possible Vote to Recommend that the Finance Commission Take Action on the Finance Commission of Texas 2021-2025 Strategic Plan
       
7. Discussion of and Possible Vote to Take Action on the Agency Priorities for Fiscal Year 2021 for the Commissioners of the Department of Savings and Mortgage Lending, Office of Consumer Credit Commissioner and the Texas Department of Banking
    
8. Discussion of and Possible Vote to Take Action on the Adoption of Amendments to 7 TAC §155.2, Concerning Payoff Statement Form
    
9. Discussion of and Possible Vote to Take Action on the Readoption of 7 TAC, Part 8, Chapter 151, Concerning Home Equity Lending Procedures, Chapter 152, Concerning Repair, Renovation, and New Construction on Homestead Property , and Chapter 153, Concerning Home Equity Lending, Resulting from Rule Review
    
10. Discussion of and Possible Vote to Take Action on the Proposal of Amendments, a New Rule, and a Repeal in 7 TAC, Part 8, Chapter 151, Concerning Home Equity Lending Procedures, and Chapter 153, Concerning Home Equity Lending, Resulting from Rule Review
     
11. 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
     
12. 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
     
13. Discussion of 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
     
14. Discussion of and Consultation on Security Audit, Possible Issue Related to Confidential or Sensitive Information, Security Breach Audit and Assessment, or Security Assessments or Deployment Related to Information Resources Technology as Authorized by Tex. Govt. Code Secs. 551.076 and 551.089
     

B. Department of Savings and Mortgage Lending

1. Industry Status and Departmental Operations: a) State Savings Bank Examinations and Supervision Division Activities; b) Mortgage Licensing Division Activities; c) Mortgage Examinations Division Activities; d) Consumer Complaints Division Activities; e) Administration and Finance Division Activities; f) Legal Division Activities, including Gift Reporting; and g) Legislative Activities
    
2. Discussion of and Possible Vote to Take Action on the Adoption of Amendments to 7 TAC §76.98, Concerning Annual Fee To Do Business
    
3. Discussion of and Possible Vote to Take Action on the Readoption of 7 TAC, Chapter 79, Residential Mortgage Loan Servicers, Chapter 80, Texas Residential Mortgage Loan Companies, and Chapter 81, Mortgage Bankers and Residential Mortgage Loan Originators, Resulting from Rule Review
    
4. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments to 7 TAC §79.1 and §79.2, Concerning Residential Mortgage Loan Servicers, Resulting from Rule Review
    
5. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments to 7 TAC §§80.1, 80.2, 80.200, 80.202 - 80.206, 80.300, and 80.301, Concerning Texas Residential Mortgage Loan Companies, Resulting from Rule Review
    
6. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments to 7 TAC §§81.1 - 81.3, 81.200, 81.202 - 81.206, 81.300 and 81.301, Concerning Mortgage Bankers and Residential Mortgage Loan Originators, Resulting from Rule Review
    
7. 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 Repeal of §85.1012 in 7 TAC, Part 5, Chapter 85, Subchapter B, Concerning Rules for Crafted Precious Metal Dealers, Resulting from Rule Review
    
3. Discussion of and Possible Vote to Take Action on the Readoption of 7 TAC, Part 5, Chapter 82, Concerning Administration, Resulting from Rule Review
    
4. Discussion of and Possible Vote to Take Action on the Readoption of 7 TAC, Part 5, Chapter 87, Concerning Tax Refund Anticipation Loans, Resulting from Rule Review
    
5. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments to 7 TAC, Part 5, Chapter 82, Concerning Administration, Resulting from Rule Review
    
6. Discussion of and Possible Vote to Take Action on Anticipated and Pending Litigation

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

D. Texas Department of Banking

1. Industry Status and Departmental Operations: a) Current Issues Affecting Department’s Regulated Entities; b) Bank and Trust Division Activities; c) Corporate Division Activities; d) Non-Depository Supervision Division Activities; e) Administrative, Staffing and Fiscal Division Activities; f) Strategic Support Division Activities including Consumer Complaint Data; g) Legal Division Activities including Enforcement Activity and Gift Reporting; and h) Legislative Activitiess
    
2. Discussion of and Possible Vote to Take Action on the Adoption of Amendments to 7 TAC §12.91, Concerning Other Real Estate Owned
    
3. Discussion of and Possible Vote to Take Action on Anticipated and Pending Litigation
    

Note: The Finance Commission 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.