SRC-CDH H.B. 3078 75(R)   BILL ANALYSIS


Senate Research Center   H.B. 3078
By: Oliveira (Sibley)
Economic Development
5-17-97
Engrossed


DIGEST 

In recent federal legislation, the office of thrift supervision 
which regulates federal S&Ls and savings 
banks substantially broadened the qualified thrift lender test 
(QTL), which is the asset composition 
test used to quantify a financial institution as a thrift.  
Federal thrift continues to be required to focus 
on housing lending, but the categories related to educational 
loans, small business loans, and 
consumer loans have been broadened legislatively.  H.B. 3078 will 
provide parity for Texas savings 
banks for revised QTL rules applicable to federal thrift.

PURPOSE

As proposed, H.B. 3078 establishes provisions regarding an 
incorporation requirement of a state 
savings bank.

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a 
state officer, institution, or agency.

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 2.03, Article 489e, V.T.C.S., as follows:

Sec. 2.03.  New heading:  STATUS AS THRIFT INSTITUTION.  
Requires a savings bank 
to qualify for and maintain the asset test of Section 
7701(a)(19) of the Internal Revenue Code 
of 1986 (26 U.S.C. Section 7701(a)(19)); or the qualified 
thrift lender test of Section 10(m) 
of the Home Owners' Loan Act (12 U.S.C. Section 1467a(m)).  
Authorizes the Savings and 
Loan Commissioner (commissioner) to grant temporary or 
limited exceptions to the 
requirements of this section as the commissioner considers 
necessary.

SECTION 2. Emergency clause.