Time:
9:00 a.m. or Upon Adjournment of the Audit Committee Meeting
Via Webinar

Section A.3 will take up agenda items A1, B2, C2 – C4 and D2 – D3 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 October 16, 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’ Fiscal Year 2021 Internal Auditor’s Risk Assessment and Audit Plan
       
      1. Office of Consumer Credit Commissioner
      2. Texas Department of Banking
      3. Department of Savings and Mortgage Lending
          
6. Status Report on Implementation of Sunset Recommendations
    
   1. Compliance with Sunset Legislation
       
      1. Office of Consumer Credit Commissioner
      2. Texas Department of Banking
      3. Department of Savings and Mortgage Lending
       
   2. Sunset Recommendation 2.4 – Direct the Finance Commission to Analyze and Report on the Implementation of their New Fund Balance Policy Adopted in February 2018
       
7. 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
    
8. 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
    
9. 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
    
10. 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. 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 Amendments to 7 TAC, Part 5, Chapter 84, Concerning Motor Vehicle Installment Sales, Resulting from Rule Review
      
3. 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

C. 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 Activities
    
2. Discussion of and Possible Vote to Take Action on the Reappointment of Wallace Jones as the Industry Representative to the Guaranty Fund Advisory Council for the Period January 1, 2021 to December 31, 2022
    
3. Discussion of and Possible Vote to Take Action on the Adoption of Amendments to 7 TAC §19.51, Concerning Other Real Estate Owned by Trust Companies
    
4. Discussion of and Possible Vote to Take Action on the Adoption of Amendment to 7 TAC §3.37, Concerning Calculation of Annual Assessment for Banks
    
5. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments to 7 TAC §33.13, Concerning Refund of MSB License Application Fees
    
6. Discussion of and Possible Vote to Take Action on Anticipated and Pending Litigation

D. Department of Savings and Mortgage Lending

1. Industry Status and Departmental Operations: a) Thrift Regulation Division Activities; b) Mortgage Regulation Division Activities; c) Operations Division Activities; d) Legal Division Activities, including Consumer Complaints and Gift Reporting; and e) Legislative Activities
    
2. Discussion of and Possible Vote to Take Action on the Adoption of Amendments to 7 TAC §79.1 and §79.2, Concerning Residential Mortgage Loan Servicers, Resulting from Rule Review
    
3. Discussion of and Possible Vote to Take Action on the Readoption of 7 TAC, Part 4, Chapter 51, Charter Applications, Chapter 53, Additional Offices, Chapter 57, Change of Office Location or Name, Chapter 61, Hearings, Chapter 63, Fees and Charges, Chapter 64, Books, Records, Accounting Practices, Financial Statements, Reserves, Net Worth, Examinations, Complaints, Chapter 65, Loans and Investments, Chapter 67, Savings and Deposit Accounts, Chapter 69, Reorganization, Merger, Consolidation, Acquisitions, and Conversion, Chapter 71, Change of Control, Chapter 73, Subsidiary Corporations, Chapter 75, Applications, Chapter 76, Miscellaneous, and Chapter 77, Loans, Investments, Savings and Deposits, Resulting from Rule Review
    
4. Discussion of and Possible Vote to Take Action on the Adoption 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
    
5. Discussion of and Possible Vote to Take Action on the Adoption 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
    
6. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments, New Rules, and Repeals in 7 TAC, Part 4, Chapter 75, Concerning Applications, Resulting from Rule Review
    
7. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments, and Repeals in 7 TAC, Part 4, Chapter 76, Concerning Miscellaneous, Resulting from Rule Review
    
8. Discussion of and Possible Vote to Take Action on the Proposal and Publication for Comment of Amendments to 7 TAC §77.10, Concerning Non-Real Estate Commercial Loans, Resulting from Rule Review
    
9. 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 the Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, (512) 936-6222, as far in advance of the meeting as possible.